Clinton City to Issue $3.9 Million Water Revenue Bonds to State Board
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Description
Clinton City plans to issue up to $3.9 million in Water Revenue Bonds, with the Utah Board of Water Resources as bond purchaser to finance major improvements to the city's water system. Terms may extend to 20 years with interest rates up to 4%.
Contract Details
Contract Amount
Not to exceed $3,900,000
Vendor
UTAH BOARD OF WATER RESOURCES
Agency
City of Clinton, UT
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
Up to 20 years (not more than 20 years), estimated 15 years at 3.09% interest (not to exceed 4%)
Renewal Date
2046-01-13
Renewal Info
Bond is for new financing. Parameters include max $3.9M principal, max 20 years, max 4% interest. No renewal; single-issue with potential for future amendments if needed.
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