Frankfort Board of Commissioners Regular Meeting Minutes 2026-03-23
City Accepts $18.8M KIA Loan for Lower PC3
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Description
The Frankfort Board of Commissioners approved a Conditional Commitment Letter with the Kentucky Infrastructure Authority for an $18,793,409.00 loan, including $4,444,323.00 in principal forgiveness, to fund the Lower PC3 sewer construction project. This financing advances a key long-term control plan initiative tied to Farmdale Sanitation District flows.
Contract Details
Contract Amount
$18,793,409.00 (loan with $4,444,323.00 principal forgiveness)
Vendor
KENTUCKY INFRASTRUCTURE AUTHORITY
Agency
City of Frankfort, KY
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
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