city-of-jamestown-city-council-agenda-october-6-2025_fa8.pdf
Zero-Interest Water Treatment Bond to Public Finance Authority
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Description
Jamestown City Council will consider issuing a $5,760,000 Water Treatment Improvement Bond, Series 2025E, to the North Dakota Public Finance Authority at a net interest rate of 0.0%. The financing will support the Lead Service Line Replacement Project and requires execution by the Mayor and City Administrator.
Contract Details
Contract Amount
$5,760,000
Vendor
NORTH DAKOTA PUBLIC FINANCE AUTHORITY
Agency
City of Jamestown, ND
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
18 years (tied to Water Treatment Improvement Bond Series 2025E)
Renewal Info
Bond issuance likely structured over a multi-year term; specific amortization details are not provided in the agenda.
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