Le Sueur City Council Minutes 2026-04-13
Council Accepts Clean Water PFA Loan
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Description
The Le Sueur City Council accepted a $2,670,621 Clean Water Revolving Loan Fund loan from the Minnesota Public Facilities Authority at 2.206% interest over 20 years. The loan will finance the wastewater portion of the 2025 Street and Utility Improvement Project.
Contract Details
Contract Amount
$2,670,621
Vendor
MINNESOTA PUBLIC FACILITIES AUTHORITY
Agency
City of Le Sueur, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
20 years at 2.206% interest
Renewal Date
2046-04-13
Renewal Info
This is a fixed 20-year loan; no renewal or extension clauses are noted.
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