FINANCIAL_SERVICESAMENDED

Town of Prescott Valley Council Meeting Agenda Packet April 2026

Town Amends WIFA Stormwater Recharge Loan Agreement

$664,358 (40% grant: $265,743; 60% loan: $398,615)Town of Prescott ValleyARIZONA WATER INFRASTRUCTURE FINANCE AUTHORITY WIFAApril 23, 2026

Trusted by teams at

Description

The Town of Prescott Valley approved Resolution No. 2026-2450 amending its financial assistance agreement with the Arizona Water Infrastructure Finance Authority for a $664,358 grant/loan package supporting the Stormwater Recharge and Field Trials Project. The amendment removes a property-interest requirement while leaving intact the 23‑year repayment schedule on the $398,615 loan portion.

Contract Details

Contract Amount

$664,358 (40% grant: $265,743; 60% loan: $398,615)

Vendor

ARIZONA WATER INFRASTRUCTURE FINANCE AUTHORITY WIFA

Agency

Town of Prescott Valley, AZ

Contract Type

FINANCIAL_SERVICES

Document Date

April 23, 2026

Contract Term

Loan to be repaid before or on July 1, 2049; 3 years no payments, then payments through year 23

Renewal Date

2049-07-01

Renewal Info

Original Financial Assistance Agreement approved October 23, 2025 via Resolution No. 2025-2436; Amendment No. 1 in 2026 removes Section 2.9.5. Loan bears a combined interest and fee rate of 1.952% with no payments first 3 years and level payments through year 23; final maturity no later than 2049-07-01.

More from ARIZONA WATER INFRASTRUCTURE FINANCE AUTHORITY WIFA