Mission Springs Water District Improvement Corporation Annual Meeting Agenda April 2026
USDA installment sales agreement long-term COP debt
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Description
Mission Springs Water District Improvement Corporation continues its USDA Installment Sales Agreement tied to 2001 Certificates of Participation for Improvement District E, originally issued for $348,000. As of March 31, 2026, the outstanding balance is $202,900 with principal and interest payments for FY 2025-2026 incorporated into the district budget, and final payment scheduled for February 1, 2041.
Contract Details
Contract Amount
$348,000 (original loan proceeds); $9,400 principal and $9,553.50 interest paid during FY 2025-2026; remaining balance $202,900 as of March 31, 2026
Vendor
USDA
Agency
Mission Springs Water District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
Date of issue 7/3/2001; Final payment due 2/1/2041
Renewal Date
2041-02-01
Renewal Info
Long-term installment sales agreement for 2001 Certificates of Participation with fixed final maturity on 2/1/2041; no renewal terms indicated, debt amortizes to zero at maturity.
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