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

Trustees approved a $1,313,000 SRF financing arrangement with the Maine Municipal Bond Bank, including up to $459,550 in loan forgiveness, to fund engineering of PFAS mitigation modifications at the water treatment plant. The resolution authorizes both interim and long-term bond financing for the project.

Scope & details

The full contract record, as filed.

Contract amount

$1,313,000.00 (up to $459,550 forgiveness)

Contract type

FINANCIAL_SERVICES

Contract term

Interim loan up to 12 months; long-term bonds per Loan Agreement

Renewal

SRF interim loan maturing upon issuance of long-term bonds or within 12 months; long-term debt to follow Loan Agreement amortization schedule.

Document type

AgendaPacket

Source document

Kennebec Water District AgendaPacket Regular Meeting 2026-08-06

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 August 6, 2026. The contract value is $1,313,000.00 (up to $459,550 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 (up to $459,550 forgiveness), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Kennebec Water District AgendaPacket Regular Meeting 2026-08-06 (AgendaPacket), dated August 6, 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?

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