City of Burlington Awards Financial Services Contract to Colorado Water Resources & Power Development Authority (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

$13 million approved loan package, including $4.5 million direct loan, $1.5 million principal forgiveness, and $8.5 million leveraged loan; separate $300,000 design and engineering loan with 100% principal forgiveness

Contract type

FINANCIAL_SERVICES

Contract term

20 years at 2.5% interest for the direct loan; 20 years at 4% interest for the leveraged loan; loans closed August 5, 2026

Renewal date

2046-08-05

Renewal

The financing terms specify 20-year repayment periods; the report also identifies a leveraged loan component expected to become available in November 2026.

Document type

AgendaPacket

Source document

Burlington AgendaPacket Regular Meeting 2026-09-14

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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 Burlington?

Colorado Water Resources & Power Development Authority was awarded this financial services contract by City of Burlington, as recorded on September 14, 2026. The contract value is $13 million approved loan package, including $4.5 million direct loan, $1.5 million principal forgiveness, and $8.5 million leveraged loan; separate $300,000 design and engineering loan with 100% principal forgiveness.

How much is the Colorado Water Resources & Power Development Authority contract with City of Burlington worth?

The Colorado Water Resources & Power Development Authority contract with City of Burlington is valued at $13 million approved loan package, including $4.5 million direct loan, $1.5 million principal forgiveness, and $8.5 million leveraged loan; separate $300,000 design and engineering loan with 100% principal 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 Burlington AgendaPacket Regular Meeting 2026-09-14 (AgendaPacket), dated September 14, 2026 from City of Burlington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Colorado Water Resources & Power Development Authority hold?

Colorado Water Resources & Power Development Authority 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 Colorado Water Resources & Power Development Authority's profile

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