Borough of Somerset Municipal Authority Agenda April 2026
PENNVEST Loan and Forgiveness for Sewer Phase 1C
Trusted by teams at
Description
The Authority is set to accept a PENNVEST funding package for the Sewer Systems Improvement Project Phase 1C, including a $3,769,709 low-interest loan over 30 years and $8,780,291 in non-repayment funds. Management will be authorized to execute all necessary PENNVEST and project documents.
Contract Details
Contract Amount
Loan Amount $3,769,709 for 30 years at 1% interest rate and non-repayment of $8,780,291
Vendor
PENNVEST
Agency
Town of Somerset, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
30 years
Renewal Date
2056-04-27
More from PENNVEST
Related Contracts
Frenchcreek Township Board of Supervisors Regular Meeting Minutes 2026-06-11
APPROVEDDerry Township Municipal Authority Public Meeting Agenda 2026-06-01
RATIFIEDLower Yoder Township Board of Supervisors Agenda 2026-05-20
ONGOINGBorough of Steelton Council Meeting Agenda May 18 2026
PENDINGSharpsville Borough Council Worksession Agenda May 13 2026
DISCUSSSEDMore from Town of Somerset
Borough of Somerset Council Meeting Agenda April 2026
Borough of Somerset Municipal Authority Agenda April 2026
Borough of Somerset Municipal Authority Agenda April 2026
Borough of Somerset Municipal Authority Agenda April 2026
Borough of Somerset Municipal Authority Agenda April 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.