IBank Recommends $7 Million Wastewater Financing
California Infrastructure and Economic Development Bank (IBank) | State of CaliforniaState · Sacramento, CA- Disclosed value
- Not to exceed $7,000,000
- From staffreport
- Document date
- Oct 22, 2026
- Renews
- Free account
The 30-second brief
IBank staff recommended up to $7 million in 20-year financing for Olivenhain Municipal Water District’s wastewater capital improvement and replacement project. The financing would carry an all-in interest rate of 4.37% and be secured by the District’s Wastewater System net revenues.
IBANK holds this financial services contract with California Infrastructure and Economic Development Bank (IBank) | State of California. Its other public contracts on record include work for City of Del Mar and Arvin-Edison Water Storage District.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $7,000,000
- Document date
- October 22, 2026
- Term
- Not to exceed 20 years; financing may not be prepaid during the first 10 years
- Renews
- On record
- Vendor
- IBANK
- Source document
- Infrastructure State Revolving Fund Program Staff Report Olivenhain Municipal Water District Wastewater System Capital Improvement and Replacement Project 2026-10-22 (StaffReport)
IBANK's other public contracts
More California Infrastructure and Economic Development Bank (IBank) | State of California contracts
Questions about this contract
Who was awarded the financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California?
IBANK was awarded this financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California, as recorded on October 22, 2026. The contract value is Not to exceed $7,000,000.
How much is the IBANK contract with California Infrastructure and Economic Development Bank (IBank) | State of California worth?
The IBANK contract with California Infrastructure and Economic Development Bank (IBank) | State of California is valued at Not to exceed $7,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Infrastructure State Revolving Fund Program Staff Report Olivenhain Municipal Water District Wastewater System Capital Improvement and Replacement Project 2026-10-22 (StaffReport), dated October 22, 2026 from California Infrastructure and Economic Development Bank (IBank) | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does IBANK hold?
IBANK may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is California Infrastructure and Economic Development Bank (IBank) | State of California currently buying?
Explore California Infrastructure and Economic Development Bank (IBank) | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
