FINANCIAL_SERVICESRECOMMENDED

Seal Beach Well Loan Increased to $8.1 Million

OCWD staff recommend amending the Producers Well Construction Loan Agreement with the City of Seal Beach to increase the total loan to $8,066,792 for the Lampson Well hydrogen sulfide treatment project. The amendment keeps the existing interest rate and adjusts the principal to match updated construction and support costs.

Document date · June 11, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
$8,066,792
Contract type
FINANCIAL_SERVICES
Contract term
20-year loan term (original request; final term not re-stated)
Renewal
Amendment increases principal amount under the existing long-term loan agreement; interest rate and other terms remain the same.
Document type
AgendaPacket
Source document
Orange County Water District AgendaPacket Administration/Finance Issues Committee Meeting 2026-06-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Orange County Water District?

City of Seal Beach was awarded this financial services contract by Orange County Water District, as recorded on June 11, 2026. The contract value is $8,066,792.

How much is the City of Seal Beach contract with Orange County Water District worth?

The City of Seal Beach contract with Orange County Water District is valued at $8,066,792, 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 Orange County Water District AgendaPacket Administration/Finance Issues Committee Meeting 2026-06-11 (AgendaPacket), dated June 11, 2026 from Orange County Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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