City Plans $6.6M SRF Loan for Sewer Projects

Scope & details

The full contract record, as filed.

Contract amount

$6,575,000 (loan amount; approx. $1,000,000 expected forgiveness)

Contract type

FINANCIAL_SERVICES

Contract term

Estimated project financing life 40 years for components; bond term not to exceed statutory maximum

Renewal

Loan will be evidenced by general obligation bonds with terms set by the Finance Director; no renewal, but provisions for refunding and reallocation of proceeds are included.

Document type

Agenda

Source document

City of Bangor City Council Agenda 2026-08-24

Related contracts

Other contracts from Maine Municipal Bond Bank State Revolving Fund.

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City of Bangor AgendaPacket Weekly Meetings 2026-08-24

PENDING

City of Bangor, Maine$6,575,000 (loan), with approximately $1,000,000 expected forgivenessAug 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 amount; approx. $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 amount; approx. $1,000,000 expected forgiveness), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Bangor City Council Agenda 2026-08-24 (Agenda), 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.

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