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FINANCIAL_SERVICESPENDING

Clinton City Council Agenda January 13 2026

Clinton City to Issue $3.9 Million Water Revenue Bonds to State Board

Not to exceed $3,900,000City of ClintonUTAH BOARD OF WATER RESOURCESJanuary 13, 2026

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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

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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