College Township Water Authority Regular Meeting Agenda March 2026
FCCB Bank Recommended for Water Revenue Note 2026
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Description
Concord Public Finance and the College Township Water Authority recommend FCCB Bank for a $5,080,000, 7-year fixed water revenue note for capital project financing.
Contract Details
Contract Amount
5,080,000 (Water Revenue Note principal)
Vendor
FCCB BANK
Agency
College Township Water Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
March 18, 2026
Contract Term
Initial fixed 7 years at 4.5%, variable after, dated 4/15/2026
Renewal Date
2033-04-15
Renewal Info
Loan structure: 7-year fixed term at 4.5%, then variable, interest rate cap at 5.35%, drawdown period 3 years.
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