Council Considers $6.6M SRF Loan for Sewer Work

The Bangor City Council will hold a public hearing on authorizing a $6.575 million loan from the Maine Municipal Bond Bank State Revolving Fund. The financing will replace the Perry Road Pump Station and support other sewer and combined sewer overflow infrastructure upgrades, with roughly $1 million expected to be forgiven.

Scope & details

The full contract record, as filed.

Contract amount

$6,575,000 (loan), with approximately $1,000,000 expected forgiveness

Contract type

FINANCIAL_SERVICES

Renewal

Loan terms and any forgiveness conditions will be defined by the State Revolving Fund agreement; refinancing or additional borrowing would require separate Council action.

Document type

AgendaPacket

Source document

City of Bangor AgendaPacket Weekly Meetings 2026-08-24

Related contracts

Other contracts from Maine Municipal Bond Bank State Revolving Fund.

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City of Bangor City Council Agenda 2026-08-24

PENDING

City of Bangor, Maine$6,575,000 (loan amount; approx. $1,000,000 expected forgiveness)Aug 24, 2026

City of Bangor Finance Committee Agenda Packet 2026-08-17

City of Bangor AgendaPacket Weekly Meetings 2026-08-17

APPROVED

City of Bangor, Maine$6,575,000Aug 17, 2026

City of Bangor City Council Agenda 2026-08-10

PENDING

City of Bangor, Maine$6,575,000Aug 8, 2026

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 24, 2026. The contract value is $6,575,000 (loan), with approximately $1,000,000 expected forgiveness.

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 (loan), with approximately $1,000,000 expected forgiveness, 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 2026-08-24 (AgendaPacket), dated August 24, 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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