City of Valley City AgendaPacket City Commission Meeting 2026-01-20
Valley City Issues $1.5M Water Revenue Bond
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Description
Valley City authorized issuance and sale of a $1,500,000 Water Treatment Revenue Bond, Series 2026, to the North Dakota Public Finance Authority to fund water tower removals and a new water tower. The bond carries 1.5% interest plus fees with repayment scheduled from 2027 through 2046.
Contract Details
Contract Amount
$1,500,000
Vendor
NORTH DAKOTA PUBLIC FINANCE AUTHORITY
Agency
City of Valley, ND
Contract Type
FINANCIAL_SERVICES
Document Date
January 20, 2026
Contract Term
Debt service scheduled from 2027 through 2046
Renewal Date
2046-09-01
Renewal Info
Revenue bond debt service schedule runs annually from 2027 through 2046; no renewal options are indicated, as this is long-term financing.
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