FINANCIAL_SERVICESAPPROVED

Town of Rostraver Awards Financial Services Contract to Pennsylvania Infrastructure Investment Authority (March 2026)

Rostraver Township adopted Ordinance No. 788 to assume $8.39 million in existing PENNVEST sewer infrastructure loans previously held by the Sewage Authority. The non-electoral debt, maturing no later than 2039, will be repaid from sewer system revenues with monthly payments administered through CFSBank.

Status
APPROVED
Document date
March 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pennsylvania Infrastructure Investment Authority
Agency
Town of Rostraver · PA

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$8,389,578.70 (comprised of $3,729,402.45 2006 PENNVEST Bond and $4,557,098.46 2008 PENNVEST Bond outstanding principal)
Contract type
FINANCIAL_SERVICES
Contract term
Debt scheduled to mature no later than November 1, 2039; PENNVEST loans paid monthly on the 1st of each month
Renewal date
2039-11-01
Renewal
Existing 2006 and 2008 PENNVEST loans are being assumed and reclassified as nonelectoral debt through new allonges; debt service continues on the existing amortization schedule through 2037 and 2039, respectively.
Document type
Minutes
Source document
Rostraver Township Board of Commissioners Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Rostraver?

Pennsylvania Infrastructure Investment Authority was awarded this financial services contract by Town of Rostraver, as recorded on March 16, 2026. The contract value is $8,389,578.70 (comprised of $3,729,402.45 2006 PENNVEST Bond and $4,557,098.46 2008 PENNVEST Bond outstanding principal).

How much is the Pennsylvania Infrastructure Investment Authority contract with Town of Rostraver worth?

The Pennsylvania Infrastructure Investment Authority contract with Town of Rostraver is valued at $8,389,578.70 (comprised of $3,729,402.45 2006 PENNVEST Bond and $4,557,098.46 2008 PENNVEST Bond outstanding principal), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Rostraver Township Board of Commissioners Meeting Minutes March 2026 (Minutes), dated March 16, 2026 from Town of Rostraver. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pennsylvania Infrastructure Investment Authority hold?

Pennsylvania Infrastructure Investment Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Pennsylvania Infrastructure Investment Authority's profile

What is Town of Rostraver currently buying?

Explore Town of Rostraver's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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