Joint Powers Agreement Backing LPRW Bond Issue

Rock County is being asked to enter a Joint Powers Agreement with Lincoln-Pipestone Rural Water to support issuance of $26.179 million in general obligation bonds toward a $43.273 million multi-year water system expansion and treatment project. The agreement would formalize the county’s contingent obligation for debt repayment if LPRW were to default, as required under state law.

Scope & details

The full contract record, as filed.

Contract amount

$43,273,000 project (including $26,179,000 general obligation bonds)

Contract type

FINANCIAL_SERVICES

Contract term

Approximately 3 years for construction project

Renewal

JPA underpins multi-phase bond issuance over roughly three years; any continuation beyond project completion would follow terms in the attached agreement.

Document type

Agenda

Source document

rock-county-board-meeting-agenda-september-2-2025_f0c.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Rock?

Lincoln-pipestone Rural Water was awarded this financial services contract by Town of Rock, as recorded on September 2, 2025. The contract value is $43,273,000 project (including $26,179,000 general obligation bonds).

How much is the Lincoln-pipestone Rural Water contract with Town of Rock worth?

The Lincoln-pipestone Rural Water contract with Town of Rock is valued at $43,273,000 project (including $26,179,000 general obligation bonds), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in rock-county-board-meeting-agenda-september-2-2025_f0c.md (Agenda), dated September 2, 2025 from Town of Rock. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lincoln-pipestone Rural Water hold?

Lincoln-pipestone Rural Water 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 Lincoln-pipestone Rural Water's profile

What is Town of Rock currently buying?

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