iowa-finance-authority-board-of-directors-meeting-agenda-october-1-2025_1f0.pdf
Duncombe Awarded $800K SRF Loan for WWTF Upgrades
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Description
The Iowa Finance Authority will provide Duncombe with an $800,000 tax-exempt Clean Water SRF Construction Loan for wastewater treatment facility improvements over a 20-year term at 3.12% interest. The loan will be secured by a general obligation pledge and funded through the State Revolving Fund.
Contract Details
Contract Amount
$800,000
Vendor
DUNCOMBE
Agency
Iowa Finance Authority, IA
Contract Type
FINANCIAL_SERVICES
Document Date
October 1, 2025
Contract Term
20 years
Renewal Info
Standard SRF Construction Loan with 20-year maturity and servicing fee; no renewal or extension provisions are indicated.
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