City of Grand Forks Staff Report Resolution of Governing Body 2026-05-18
Grand Forks plans PFA-backed financing for watermain
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Description
Grand Forks declared its intent to reimburse pre-issuance construction costs for the Highway 81 & Associated Area Watermain Expansion Phase III using proceeds of an estimated $1,650,000 loan financed through bonds issued by the North Dakota Public Finance Authority. The Authority acts as the financial agent for the state revolving fund program supporting the project.
Contract Details
Contract Amount
$1,650,000.00 (estimated)
Vendor
NORTH DAKOTA PUBLIC FINANCE AUTHORITY
Agency
City of Grand Forks, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Relationship described as part of the SRF financing structure; no explicit renewal or term extension provisions are given.
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