FINANCIAL_SERVICESAPPROVED

Kennebec Water District Awards Financial Services Contract to Maine Municipal Bond Bank (July 2026)

The Kennebec Water District Board approved a borrowing resolution with the Maine Municipal Bond Bank for up to $1,313,000.00, including significant loan forgiveness, to finance design of PFAS mitigation upgrades at the water treatment plant. The action authorizes both an SRF interim loan and long-term bond issuance.

Status
APPROVED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Maine Municipal Bond Bank
Agency
Kennebec Water District · ME

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,313,000.00 (with up to $459,550 loan forgiveness)
Contract type
FINANCIAL_SERVICES
Contract term
SRF interim loan maturing upon bond issuance or within 12 months; long-term bond term to be set in Loan Agreement
Renewal
SRF interim note matures upon bond issuance or within 12 months; long-term bond amortization and terms defined in the Loan Agreement.
Document type
Minutes
Source document
Kennebec Water District Minutes Regular Board of Trustees Meeting 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kennebec Water District?

Maine Municipal Bond Bank was awarded this financial services contract by Kennebec Water District, as recorded on July 16, 2026. The contract value is $1,313,000.00 (with up to $459,550 loan forgiveness).

How much is the Maine Municipal Bond Bank contract with Kennebec Water District worth?

The Maine Municipal Bond Bank contract with Kennebec Water District is valued at $1,313,000.00 (with up to $459,550 loan forgiveness), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Kennebec Water District Minutes Regular Board of Trustees Meeting 2026-07-16 (Minutes), dated July 16, 2026 from Kennebec Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maine Municipal Bond Bank hold?

Maine Municipal Bond Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Maine Municipal Bond Bank's profile

What is Kennebec Water District currently buying?

Explore Kennebec Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Kennebec Water District's profile

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