city-of-wellsville-ordinance-943-authorizing-industrial-revenue-bonds_e55.pdf
Wellsville approves $5.46M IRB financing for IVT
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Description
The City of Wellsville approved Ordinance 943 authorizing up to $5.46 million in taxable Industrial Revenue Bonds, Series 2025, to finance the Icon Valley Townhomes Phase 1 project and lease it to IVT, LLC under a lease-purchase structure. The bonds will be sold to IVT, LLC pursuant to a Bond Purchase Agreement, with lease payments covering bond debt service.
Contract Details
Contract Amount
Not to exceed $5,460,000 (bond principal)
Vendor
IVT LLC
Agency
City of Wellsville, KS
Contract Type
FINANCIAL_SERVICES
Document Date
September 24, 2025
More from City of Wellsville
City of Wellsville Council Meeting Minutes November 2025
City of Wellsville Council Meeting Minutes November 2025
City of Wellsville Council Meeting Minutes November 2025
city-of-wellsville-ordinance-943-authorizing-industrial-revenue-bonds_e55.pdf
city-of-wellsville-ordinance-943-authorizing-industrial-revenue-bonds_e55.pdf
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