Fosterburg Water District Awards Financial Services Contract to Usda Rural Development (August 2026)
Fosterburg Water DistrictUtility District · Alton, IL- Disclosed value
- $4,223,000 at 3% interest; annual payments approximately $200,000 for 40 years
- From minutes
- Approved
- Aug 19, 2026
- Renews
- Free account
The 30-second brief
Fosterburg Water District authorized a $4.223 million USDA Rural Development loan at 3% interest for water system improvements. The loan is scheduled to close on September 2, 2026, with approximately $200,000 in annual payments over 40 years.
Usda Rural Development holds this financial services contract with Fosterburg Water District. Its other public contracts on record include work for Russian River County Water Dist and Town of Concrete.
The renewal date is on record. A free account shows it, with the renewals for every Fosterburg Water District contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $4,223,000 at 3% interest; annual payments approximately $200,000 for 40 years
- Document date
- August 19, 2026
- Term
- 40 years; loan closing scheduled for September 2, 2026
- Renews
- Free account
- Vendor
- Usda Rural Development
- Source document
- Fosterburg Water District Minutes Board Meeting August 19, 2026 (Minutes)
Usda Rural Development's other public contracts
More Fosterburg Water District contracts
Questions about this contract
Who was awarded the financial services contract by Fosterburg Water District?
Usda Rural Development was awarded this financial services contract by Fosterburg Water District, as recorded on August 19, 2026. The contract value is $4,223,000 at 3% interest; annual payments approximately $200,000 for 40 years.
How much is the Usda Rural Development contract with Fosterburg Water District worth?
The Usda Rural Development contract with Fosterburg Water District is valued at $4,223,000 at 3% interest; annual payments approximately $200,000 for 40 years, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Fosterburg Water District Minutes Board Meeting August 19, 2026 (Minutes), dated August 19, 2026 from Fosterburg Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Usda Rural Development hold?
Usda Rural Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Fosterburg Water District currently buying?
Explore Fosterburg Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.