City of Bangor Awards $6,575,000 Financial Services Contract to Maine Municipal Bond Bank State Revolving Fund (August 2026)

The Bangor City Council approved borrowing up to $6,575,000 from the Maine Municipal Bond Bank State Revolving Fund, via general obligation bonds and notes, to finance Perry Road Pump Station replacement and related sewer separation infrastructure. About $1 million of the sewer separation funding is expected to be forgiven under SRF program terms.

Scope & details

The full contract record, as filed.

Contract amount

$6,575,000

Contract type

FINANCIAL_SERVICES

Contract term

Estimated project lives 40 years; loan term not explicitly stated but tied to SRF program

Renewal

Loan will be structured through SRF program bonds with terms determined by the Finance Director; includes provisions for potential refunding bonds and reallocation of proceeds. No separate renewal or extension options beyond refinancing are described.

Document type

AgendaPacket

Source document

City of Bangor AgendaPacket Weekly Meetings 2026-08-17

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bangor?

Maine Municipal Bond Bank State Revolving Fund was awarded this financial services contract by City of Bangor, as recorded on August 17, 2026. The contract value is $6,575,000.

How much is the Maine Municipal Bond Bank State Revolving Fund contract with City of Bangor worth?

The Maine Municipal Bond Bank State Revolving Fund contract with City of Bangor is valued at $6,575,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Bangor AgendaPacket Weekly Meetings 2026-08-17 (AgendaPacket), dated August 17, 2026 from City of Bangor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maine Municipal Bond Bank State Revolving Fund hold?

Maine Municipal Bond Bank State Revolving Fund 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 Maine Municipal Bond Bank State Revolving Fund's profile

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