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City Plans $9.2 Million PFA Loan for Clarifier Project

City of Faribault logoCity of Faribault
Disclosed value
$9.2 million
From agendapacket
Document date
Oct 6, 2026
Term
Planned for 2028
Renews
Free account

The 30-second brief

What it covers

Faribault plans to seek a $9.2 million PFA loan at 1% interest to finance a third final clarifier at the Water Reclamation Facility. The project is planned for 2028 to expand treatment capacity and provide operational redundancy.

Who holds it

PFA holds this financial services contract with City of Faribault. Its other public contracts on record include work for City of Silver Bay and Mayes County.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Faribault contract.

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Contract details

Contract type
Financial Services
Amount
$9.2 million
Document date
October 6, 2026
Term
Planned for 2028
Renews
Free account
Vendor
PFA
Agency
City of Faribault
Source document
City of Faribault AgendaPacket City Council Work Session 2026-10-06 (AgendaPacket)

PFA's other public contracts

City of Silver Bay, MinnesotaSilver Bay Considers $4.8 Million PFA Watermain Note · Oct 19, 2026$4.8MCity of Silver Bay, MinnesotaSilver Bay Considers $4.3 Million PFA Water Note · Oct 19, 2026$4.3MMayes County, Oklahoma$115K FST Fund Payment Authorized to PFA · Jul 6, 2026$115.1KMayes County, OklahomaFST Tax Distribution Payment to PFA Approved · Jun 22, 2026$112.3KOak Grove SD 68 Bartonville, IllinoisOak Grove Board to Consider PFA Food Services Pact · May 20, 2026UndisclosedAll PFA contractsVendor profile

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Questions about this contract

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

PFA was awarded this financial services contract by City of Faribault, as recorded on October 6, 2026. The contract value is $9.2 million.

How much is the PFA contract with City of Faribault worth?

The PFA contract with City of Faribault is valued at $9.2 million, 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 Faribault AgendaPacket City Council Work Session 2026-10-06 (AgendaPacket), dated October 6, 2026 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does PFA hold?

PFA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Faribault currently buying?

Explore City of Faribault's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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