City of Spencer Agenda Packet 2026-06-01
City makes nearly $1M in debt payments to Iowa Finance Authority
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Description
The City of Spencer authorized $998,393.45 in principal, interest, and service fee payments to the Iowa Finance Authority on several sewer utility and capital project loans. These payments continue amortization of long-term infrastructure financing.
Contract Details
Contract Amount
$998,393.45
Vendor
IOWA FINANCE AUTHORITY
Agency
Spencer Municipal Hospital, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Renewal Info
Ongoing repayment under existing IFA loan and bond agreements; payments align with scheduled debt service.
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