FINANCIAL_SERVICESAPPROVED

City of Charleston Awards Financial Services Contract to West Virginia Water Development Authority (July 2026)

Council adopted Resolution 26-077 authorizing issuance of $18,425,960 Sewerage System Revenue Bonds, Series 2026 A, to be purchased by the West Virginia Water Development Authority under the state’s Clean Water SRF program. The 20-year+ loan carries 2.75% interest plus a 0.25% SRF fee and will fund major sewer system extensions and improvements.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
West Virginia Water Development Authority
Agency
City of Charleston · WV

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$18,425,960 (loan at 2.75% interest plus 0.25% SRF Administrative Fee)
Contract type
FINANCIAL_SERVICES
Contract term
Bonds dated at delivery; final maturity June 1, 2046; principal and interest payable quarterly beginning June 1, 2028
Renewal date
2046-06-01
Renewal
Bond and loan terms are fixed through June 1, 2046; any refinancing, refunding, or additional parity debt would require separate future approvals.
Document type
Agenda
Source document
Charleston City Council Agenda 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Charleston?

West Virginia Water Development Authority was awarded this financial services contract by City of Charleston, as recorded on July 6, 2026. The contract value is $18,425,960 (loan at 2.75% interest plus 0.25% SRF Administrative Fee).

How much is the West Virginia Water Development Authority contract with City of Charleston worth?

The West Virginia Water Development Authority contract with City of Charleston is valued at $18,425,960 (loan at 2.75% interest plus 0.25% SRF Administrative Fee), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Charleston City Council Agenda 2026-07-06 (Agenda), dated July 6, 2026 from City of Charleston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does West Virginia Water Development Authority hold?

West Virginia Water Development 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 West Virginia Water Development Authority's profile

What is City of Charleston currently buying?

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

View City of Charleston's profile

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