FINANCIAL_SERVICESAPPROVED

Town of Apple Valley Awards Financial Services Contract to State of Utah Department of Environmental Quality Drinking Water Board (July 2026)

Apple Valley executed a financing agreement with the State of Utah’s Drinking Water Board for three Parity Water Revenue Bonds totaling $1.95 million at favorable interest rates to fund water system engineering and well rehabilitation. The bonds will be repaid from culinary water system revenues over a term of up to 35 years under a DWB Master Resolution.

Status
APPROVED
Document date
July 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
State of Utah Department of Environmental Quality Drinking Water Board
Agency
Town of Apple Valley · UT

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Series 2026A Bond $200,000 (0% interest); Series 2026B Bond $1,488,000 (0% interest); Series 2026C Bond $262,000 (1.0% interest)
Contract type
FINANCIAL_SERVICES
Contract term
Series 2026A and 2026B: up to 35 years; Series 2026C: up to 35 years, with first payments in 2027 per respective repayment schedules
Renewal
Long-term bond financing under a master resolution; callable at issuer’s option without premium. No renewal or extension options described beyond standard refunding possibilities.
Document type
AgendaPacket
Source document
Town of Apple Valley AgendaPacket 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Apple Valley?

State of Utah Department of Environmental Quality Drinking Water Board was awarded this financial services contract by Town of Apple Valley, as recorded on July 15, 2026. The contract value is Series 2026A Bond $200,000 (0% interest); Series 2026B Bond $1,488,000 (0% interest); Series 2026C Bond $262,000 (1.0% interest).

How much is the State of Utah Department of Environmental Quality Drinking Water Board contract with Town of Apple Valley worth?

The State of Utah Department of Environmental Quality Drinking Water Board contract with Town of Apple Valley is valued at Series 2026A Bond $200,000 (0% interest); Series 2026B Bond $1,488,000 (0% interest); Series 2026C Bond $262,000 (1.0% interest), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Apple Valley AgendaPacket 2026-07-15 (AgendaPacket), dated July 15, 2026 from Town of Apple Valley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State of Utah Department of Environmental Quality Drinking Water Board hold?

State of Utah Department of Environmental Quality Drinking Water Board may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View State of Utah Department of Environmental Quality Drinking Water Board's profile

What is Town of Apple Valley currently buying?

Explore Town of Apple Valley's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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