Lancaster Industrial Development Authority Awards Financial Services Contract to Pennsylvania Infrastructure Investment Authority (pennvest) (June 2026)

Scope & details

The full contract record, as filed.

Contract amount

Up to $15,000,000 for the water-system project; up to $3,877,540 for the wastewater-treatment-plant project

Contract type

FINANCIAL_SERVICES

Contract term

20-year loan for the wastewater-treatment-plant projects; term for the water-system financing not stated

Renewal date

2048-01-31

Renewal

Wastewater financing has a 20-year loan structure, with interest-only payments for the first three years after project completion and principal-and-interest payments thereafter. The water-system short-term financing is intended to be repaid with a Pennvest loan.

Document type

Minutes

Source document

City of Lancaster Minutes Stated Meeting - City Council June 9, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lancaster Industrial Development Authority?

Pennsylvania Infrastructure Investment Authority (pennvest) was awarded this financial services contract by Lancaster Industrial Development Authority, as recorded on June 9, 2026. The contract value is Up to $15,000,000 for the water-system project; up to $3,877,540 for the wastewater-treatment-plant project.

How much is the Pennsylvania Infrastructure Investment Authority (pennvest) contract with Lancaster Industrial Development Authority worth?

The Pennsylvania Infrastructure Investment Authority (pennvest) contract with Lancaster Industrial Development Authority is valued at Up to $15,000,000 for the water-system project; up to $3,877,540 for the wastewater-treatment-plant project, 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 City of Lancaster Minutes Stated Meeting - City Council June 9, 2026 (Minutes), dated June 9, 2026 from Lancaster Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pennsylvania Infrastructure Investment Authority (pennvest) hold?

Pennsylvania Infrastructure Investment Authority (pennvest) 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 Pennsylvania Infrastructure Investment Authority (pennvest)'s profile

What is Lancaster Industrial Development Authority currently buying?

Explore Lancaster Industrial Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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