FINANCIAL_SERVICESONGOING

Series 2022 water revenue note remains in force

College Township Water Authority continues to draw and repay its $5,295,500 Water Revenue Note, Series of 2022 with Jersey Shore State Bank (now Northwest Bank), used both to refinance prior debt and finance new capital improvements. The fixed 4.25% interest period runs through January 2033, with amortization extending to 2043.

Status
ONGOING
Document date
August 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Jersey Shore State Bank
Agency
College Township Water Authority · PA

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Veritone logo
TerraCycle logo
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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
$5,295,500 (Water Revenue Note, Series of 2022)
Contract type
FINANCIAL_SERVICES
Contract term
First 120 months at 4.25% interest ending January 2033; thereafter rate resets until maturity (payments scheduled through 2043)
Renewal date
2043-12-31
Renewal
Interest rate resets after the first 120 months to 79% of the Wall Street Journal Prime Rate, capped at 5.0%; no separate renewal option is described, but the note amortizes through 2043 per the scheduled debt service table.
Document type
Agenda
Source document
College Township Water Authority Regular Meeting Agenda 2026-08-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by College Township Water Authority?

Jersey Shore State Bank was awarded this financial services contract by College Township Water Authority, as recorded on August 5, 2026. The contract value is $5,295,500 (Water Revenue Note, Series of 2022).

How much is the Jersey Shore State Bank contract with College Township Water Authority worth?

The Jersey Shore State Bank contract with College Township Water Authority is valued at $5,295,500 (Water Revenue Note, Series of 2022), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in College Township Water Authority Regular Meeting Agenda 2026-08-05 (Agenda), dated August 5, 2026 from College Township Water Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jersey Shore State Bank hold?

Jersey Shore State Bank 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 Jersey Shore State Bank's profile

What is College Township Water Authority currently buying?

Explore College Township Water Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View College Township Water Authority's profile

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