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Loan Agreementapproved

town-of-fremont-city-council-minutes-capital-projects-housing-initiatives-july-28-2025_cac.pdf

Fairmont Approves $27.4M Loan for Wastewater Plant

$27,486,115Town of FremontMINNESOTA PUBLIC FACILITIES AUTHORITYJuly 28, 2025

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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

City of Fairmont authorized a $27,486,115 loan agreement with the Minnesota Public Facilities Authority (PFA) for the biosolids and UV disinfection improvements at the wastewater treatment plant. Total project costs are about $34.7 million, offset by $7.2 million in grant funding.

Contract Details

Contract Amount

$27,486,115

Vendor

MINNESOTA PUBLIC FACILITIES AUTHORITY

Agency

Town of Fremont, MN

Contract Type

Loan Agreement

Document Date

July 28, 2025

Contract Term

NA

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