FINANCIAL_SERVICESAPPROVED

city_of_west_fargo_resolution_for_wastewater_bond.pdf

West Fargo Approves $8.5 Million Wastewater Revenue Bond

$8,500,000 principal at 1.50% interest plus Administrative FeeCity of West FargoNORTH DAKOTA PUBLIC FINANCE AUTHORITYOctober 20, 2025

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Description

The City of West Fargo approved a Loan Agreement with the North Dakota Public Finance Authority for the purchase of its $8,500,000 Wastewater Treatment Revenue Bond, Series 2025C, to fund wastewater facilities expansion. The 30‑year revenue bond bears 1.50% interest plus an administrative fee and is repayable solely from wastewater system net revenues.

Contract Details

Contract Amount

$8,500,000 principal at 1.50% interest plus Administrative Fee

Vendor

NORTH DAKOTA PUBLIC FINANCE AUTHORITY

Agency

City of West Fargo, ND

Contract Type

FINANCIAL_SERVICES

Document Date

October 20, 2025

Contract Term

Dated date of delivery; principal installments due September 1, 2027–September 1, 2056; interest payable semiannually each March 1 and September 1

Renewal Date

2056-09-01

Renewal Info

This is a fixed-term revenue bond issued under a Loan Agreement with scheduled principal payments from 2027 through 2056; no renewal or extension provisions are described, though the bond is callable on any interest payment date with the Authority’s consent.

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