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Troy approves $15.5M water bond with EFC option

City of Troy logoCity of Troy
Disclosed value
$15,500,000
From agendapacket
Document date
Jul 23, 2026

The 30-second brief

What it covers

The Troy City Council authorized up to $15.5 million in serial bonds for major water system improvements and empowered the Comptroller to sell the bonds or notes to EFC through one or more loan and project financing agreements. These financings will support upgrades such as Eddys Lane Pump Station improvements over a probable 40-year useful life.

Who holds it

EFC holds this financial services contract with City of Troy. Its other public contracts on record include work for Village of Pawling and Westbury Wd.

What happens next

Term as filed: Up to 40-year bond term for water system improvements.

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Contract details

Contract type
Financial Services
Amount
$15,500,000
Document date
July 23, 2026
Term
Up to 40-year bond term for water system improvements
Vendor
EFC
Agency
City of Troy
Source document
City of Troy Agenda Packet 2026-07-23 (AgendaPacket)

EFC's other public contracts

Village of Pawling, New YorkPawling Identifies EFC Financing for Lower Baxter Project · Sep 9, 2026$35KWestbury Wd, New YorkEFC Referenced in Grant Coordination · Jul 29, 2026UndisclosedMount Upton Water District, New YorkTown Extends EFC Project Finance Agreement to 2028 · Jul 8, 2026UndisclosedGuilford Water District, New YorkGuilford Extends EFC Project Finance Agreement · Jul 8, 2026UndisclosedTown of Newfield, New YorkNewfield Completes $485,566 Sewer Financing Through EFC · May 14, 2026$485.6KAll EFC contractsVendor profile

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Questions about this contract

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

EFC was awarded this financial services contract by City of Troy, as recorded on July 23, 2026. The contract value is $15,500,000.

How much is the EFC contract with City of Troy worth?

The EFC contract with City of Troy is valued at $15,500,000, 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 Troy Agenda Packet 2026-07-23 (AgendaPacket), dated July 23, 2026 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does EFC hold?

EFC 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 Troy currently buying?

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

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