FINANCIAL_SERVICESAPPROVED

City of Parowan Awards Financial Services Contract to Parowan City Council (July 2026)

Parowan City’s Pricing Committee finalized terms for $9,675,000 in Taxable Water Revenue Bonds, Series 2026, including a 2% hardship grant assessment fee and annual payments scheduled from 2027 to 2057. The bonds will be repaid solely from net revenues of the municipal water system.

Status
APPROVED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Parowan City Council
Agency
City of Parowan · UT

Trusted by teams at

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

Scope & details

The full contract record, as filed.

Contract amount
$9,675,000 principal; hardship grant assessment fee at 2.0% per annum; total estimated repayment approximately $13,173,615 over 30 years
Contract type
FINANCIAL_SERVICES
Contract term
Payments from 2027 through 2057 (approximately 30 years)
Renewal date
2057-12-31
Renewal
Long-term bond obligation with fixed payment schedule through 2057; no renewals specified, but bonds could be refunded under separate authorizations.
Document type
AgendaPacket
Source document
Parowan City AgendaPacket July 23, 2026

Related contracts

Other contracts from Parowan City Council.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Parowan?

Parowan City Council was awarded this financial services contract by City of Parowan, as recorded on July 23, 2026. The contract value is $9,675,000 principal; hardship grant assessment fee at 2.0% per annum; total estimated repayment approximately $13,173,615 over 30 years.

How much is the Parowan City Council contract with City of Parowan worth?

The Parowan City Council contract with City of Parowan is valued at $9,675,000 principal; hardship grant assessment fee at 2.0% per annum; total estimated repayment approximately $13,173,615 over 30 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Parowan City AgendaPacket July 23, 2026 (AgendaPacket), dated July 23, 2026 from City of Parowan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Parowan City Council hold?

Parowan City Council 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 Parowan City Council's profile

What is City of Parowan currently buying?

Explore City of Parowan's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Parowan's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free