Fayette issues $2M warrant for sewer improvements
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Description
City of Fayette approves the issuance of a $2,050,000 Sewer Revenue Warrant to finance improvements to the city's sanitary sewer system, with principal installments due annually from 2026 to 2045. The warrant bears an interest rate of 0.10% and includes provisions for early redemption.
Contract Details
Contract Amount
$2,050,000
Vendor
CITY OF FAYETTE
Agency
Housing Authority of the city of Fayette, AL
Contract Type
Sewer Revenue Warrant
Document Date
June 10, 2025
Contract Term
2025-2045
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Issuing Agency
Local Housing Authority
Fayette, AL
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