Kennebec Water District Agenda Packet 2026-06-04
KWD Adopts $1.3M Borrowing Resolution for Pump Station Project
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Description
KWD Board approved borrowing up to $1,296,100 from Maine Municipal Bond Bank to finance the Chase Avenue Pump Station Upgrade, including interim and long-term loan structures with principal forgiveness.
Contract Details
Contract Amount
Up to $1,296,100.00
Vendor
MAINE MUNICIPAL BOND BANK
Agency
Kennebec Water District, ME
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Renewal Info
Funding includes interim construction loan and principal forgiveness. The long-term loan will incorporate accrued interest from interim financing. Final maturity date to be set upon issuance of notes or 12 months later.
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