FINANCIAL_SERVICESAPPROVED

Bear River Water Conservancy District Awards $2,840,000 Financial Services Contract to State of Utah Department of Environmental Quality Drinking Water Board (July 2023)

Bear River Water Conservancy District approved the sale of its $2,840,000 Water Revenue Bonds, Series 2023, to the State of Utah Department of Environmental Quality, Drinking Water Board at par to finance new wells, a pumphouse, and pipeline improvements and to pay issuance costs. The 1.00% bonds are payable from net water system revenues with interest-only payments in 2024–2025 and principal amortizing annually from 2026 through 2045.

Status
APPROVED
Document date
July 26, 2023
Contract type
FINANCIAL_SERVICES
Vendor
State of Utah Department of Environmental Quality Drinking Water Board
Agency
Bear River Water Conservancy District · UT

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$2,840,000
Contract type
FINANCIAL_SERVICES
Contract term
Dated as of July 26, 2023; interest-only payments January 1, 2024 and January 1, 2025; principal payments January 1, 2026 through January 1, 2045 at 1.00% interest
Renewal date
2045-01-01
Renewal
Fixed-term revenue bond financing with no renewal; first principal payment due January 1, 2026 and final maturity scheduled for January 1, 2045. Bonds are optionally prepayable at par in inverse order of maturities.
Document type
Resolution
Source document
Bear River Water Conservancy District Resolution 2023-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Bear River Water Conservancy District?

State of Utah Department of Environmental Quality Drinking Water Board was awarded this financial services contract by Bear River Water Conservancy District, as recorded on July 26, 2023. The contract value is $2,840,000.

How much is the State of Utah Department of Environmental Quality Drinking Water Board contract with Bear River Water Conservancy District worth?

The State of Utah Department of Environmental Quality Drinking Water Board contract with Bear River Water Conservancy District is valued at $2,840,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Bear River Water Conservancy District Resolution 2023-12 (Resolution), dated July 26, 2023 from Bear River Water Conservancy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State of Utah Department of Environmental Quality Drinking Water Board hold?

State of Utah Department of Environmental Quality Drinking Water Board 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 State of Utah Department of Environmental Quality Drinking Water Board's profile

What is Bear River Water Conservancy District currently buying?

Explore Bear River Water Conservancy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Bear River Water Conservancy District's profile

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