City of Missoula Budget and Finance Committee Agenda Packet 2026-06-03
Missoula Awards $5.41M Water System Bond to Huntington Public Capital
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Description
The City of Missoula awarded a $5,412,000 Water System Revenue Bond, Series 2026A, to Huntington Public Capital Corporation to finance improvements to the Missoula Water Building. The bond carries a 4.7% interest rate, with final maturity on July 1, 2046.
Contract Details
Contract Amount
$5,412,000
Vendor
HUNTINGTON PUBLIC CAPITAL CORPORATION
Agency
Missoula Urban Transportation District, MT
Contract Type
FINANCIAL_SERVICES
Document Date
June 3, 2026
Contract Term
June 25, 2026 – July 1, 2046
Renewal Date
2046-07-01
Renewal Info
Bond is subject to optional redemption beginning January 1, 2028, with no premium. Semiannual debt service payments start January 1, 2027; final maturity on July 1, 2046.
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