FINANCIAL_SERVICESAPPROVED

Madison Community Development Authority Awards $10,369,862 Financial Services Contract to State of Wisconsin Department of Natural Resources (July 2026)

The City of Madison will issue $10,369,862 in Subordinate Water Utility Revenue Bonds, Series 2026, to the State of Wisconsin Department of Natural Resources under the Safe Drinking Water Loan Program. The 20-year, 2.365% loan will finance the Unit Well 12 reconstruction project and associated improvements.

Status
APPROVED
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
State of Wisconsin Department of Natural Resources
Agency
Madison Community Development Authority · WI

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Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
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
$10,369,862
Contract type
FINANCIAL_SERVICES
Contract term
August 26, 2026 – May 1, 2046 (20-year amortization; first principal due May 1, 2028)
Renewal date
2046-05-01
Renewal
Single 20-year subordinate revenue bond financing with level annual payments; no renewal or extension options noted. Bonds mature May 1, 2046.
Document type
Agenda
Source document
City of Madison Water Utility Board Agenda 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Madison Community Development Authority?

State of Wisconsin Department of Natural Resources was awarded this financial services contract by Madison Community Development Authority, as recorded on July 28, 2026. The contract value is $10,369,862.

How much is the State of Wisconsin Department of Natural Resources contract with Madison Community Development Authority worth?

The State of Wisconsin Department of Natural Resources contract with Madison Community Development Authority is valued at $10,369,862, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Madison Water Utility Board Agenda 2026-07-28 (Agenda), dated July 28, 2026 from Madison Community Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State of Wisconsin Department of Natural Resources hold?

State of Wisconsin Department of Natural Resources 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 State of Wisconsin Department of Natural Resources's profile

What is Madison Community Development Authority currently buying?

Explore Madison Community Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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