Board Approves Loan and Credit Line with FNB
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Description
The Erie Water Works Board approved Resolution #042326-03 authorizing a $10 million multi-draw loan and a $5 million line of credit with First National Bank. The financing will fund initial engineering for the Chestnut Water Treatment Plant and provide operational flexibility.
Contract Details
Contract Amount
$10,000,000 Multi-Draw Loan and $5,000,000 Line of Credit
Vendor
FIRST NATIONAL BANK
Agency
Erie City Water Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
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Erie Water Works Board Meeting Minutes 2026-04-23
Erie Water Works Board Meeting Minutes 2026-04-23
Erie Water Works Board Meeting Minutes 2026-04-23
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