City of New Meadows Awards Financial Services Contract to United States of America Acting Through the Department of Agriculture Rural Utilities Service (October 2023)

The City of New Meadows adopted Ordinance No. 397-2023 authorizing issuance of a Water Revenue Bond, Series 2018, in a principal amount not to exceed $673,000 to the United States of America acting through USDA Rural Utilities Service. The bond will finance domestic water system improvements including new wells and line upgrades, with repayment over up to 40 years from water system net revenues consistent with revenue and reserve covenants. The bond forms part of a larger voter-authorized water improvement program.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $673,000

Contract type

FINANCIAL_SERVICES

Contract term

Up to 40 years from bond date; equal annual installments of principal and interest beginning one year after delivery

Renewal

Water Revenue Bond, Series 2018, amortized over a term not to exceed 40 years with equal annual payments; prepayment allowed in $1,000 increments without penalty but no traditional renewal structure as this is a long-term debt instrument.

Document type

Agenda

Source document

City of New Meadows Council Meeting Agenda October 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of New Meadows?

United States of America Acting Through the Department of Agriculture Rural Utilities Service was awarded this financial services contract by City of New Meadows, as recorded on October 23, 2023. The contract value is Not to exceed $673,000.

How much is the United States of America Acting Through the Department of Agriculture Rural Utilities Service contract with City of New Meadows worth?

The United States of America Acting Through the Department of Agriculture Rural Utilities Service contract with City of New Meadows is valued at Not to exceed $673,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of New Meadows Council Meeting Agenda October 2023 (Agenda), dated October 23, 2023 from City of New Meadows. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States of America Acting Through the Department of Agriculture Rural Utilities Service hold?

United States of America Acting Through the Department of Agriculture Rural Utilities Service 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 United States of America Acting Through the Department of Agriculture Rural Utilities Service's profile

What is City of New Meadows currently buying?

Explore City of New Meadows's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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