City of La Junta Awards Financial Services Contract to Colorado Water Resources & Power Development Authority (November 2026)
City of La JuntaCity · La Junta, CO- Disclosed value
- Not to exceed $14,961,450, including issuance costs; approximately $4,715,945 repayable IIJA/BIL LSL direct loan, $4,000,000 repayable base direct loan, and approximately $6,245,505 in up-front IIJA/BIL LSL principal forgiveness
- From agendapacket
- Approved
- Nov 2, 2026
- Term
- Not to exceed 30 years
The 30-second brief
La Junta City Council authorized a loan agreement with the Colorado Water Resources and Power Development Authority for water distribution system improvements. The financing may total up to $14.96 million over a term of no more than 30 years, with an interest-rate cap of 1.75%.
Colorado Water Resources & Power Development Authority holds this financial services contract with City of La Junta. Its other public contracts on record include work for Town of Hugo and North Washington St Water Sanitation District.
Term as filed: Not to exceed 30 years.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $14,961,450, including issuance costs; approximately $4,715,945 repayable IIJA/BIL LSL direct loan, $4,000,000 repayable base direct loan, and approximately $6,245,505 in up-front IIJA/BIL LSL principal forgiveness
- Document date
- November 2, 2026
- Term
- Not to exceed 30 years
- Vendor
- Colorado Water Resources & Power Development Authority
- Agency
- City of La Junta
- Source document
- City of La Junta AgendaPacket Regular Meeting November 2, 2026 (AgendaPacket)
Colorado Water Resources & Power Development Authority's other public contracts
More City of La Junta contracts
Questions about this contract
Who was awarded the financial services contract by City of La Junta?
Colorado Water Resources & Power Development Authority was awarded this financial services contract by City of La Junta, as recorded on November 2, 2026. The contract value is Not to exceed $14,961,450, including issuance costs; approximately $4,715,945 repayable IIJA/BIL LSL direct loan, $4,000,000 repayable base direct loan, and approximately $6,245,505 in up-front IIJA/BIL LSL principal forgiveness.
How much is the Colorado Water Resources & Power Development Authority contract with City of La Junta worth?
The Colorado Water Resources & Power Development Authority contract with City of La Junta is valued at Not to exceed $14,961,450, including issuance costs; approximately $4,715,945 repayable IIJA/BIL LSL direct loan, $4,000,000 repayable base direct loan, and approximately $6,245,505 in up-front IIJA/BIL LSL principal forgiveness, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of La Junta AgendaPacket Regular Meeting November 2, 2026 (AgendaPacket), dated November 2, 2026 from City of La Junta. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is City of La Junta currently buying?
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