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
- Maximum aggregate principal 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 principal forgiveness
- From agendapacket
- Approved
- Nov 14, 2026
- Term
- Not to exceed 30 years
- Renews
- Free account
The 30-second brief
La Junta City Council authorized a loan of up to $14,961,450 from the Colorado Water Resources and Power Development Authority. The financing will support water distribution system improvements, including replacement of aging mains, with approximately $6.245 million in principal forgiveness and a term of up to 30 years.
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 City of Creede and Board Of Water Commisioners Retirement Plan Trust Fund.
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Contract details
- Contract type
- Financial Services
- Amount
- Maximum aggregate principal 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 principal forgiveness
- Document date
- November 14, 2026
- Term
- Not to exceed 30 years
- Renews
- On record
- Vendor
- Colorado Water Resources & Power Development Authority
- Agency
- City of La Junta
- Source document
- City of La Junta AgendaPacket Regular Meeting 2026-11-16 (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 14, 2026. The contract value is Maximum aggregate principal 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 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 Maximum aggregate principal 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 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 2026-11-16 (AgendaPacket), dated November 14, 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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