McMinn County Awards $2,620,000 Financial Services Contract to Hiwassee Utilities Commission (October 2019)

McMinn County Commission authorized the Hiwassee Utilities Commission to secure a $2,620,000 Drinking Water State Revolving Loan to upgrade its regional water treatment plant, including converting to liquid sodium hypochlorite and replacing aging mechanical components. The loan is expected to carry an interest rate of 2% or less over a term of up to 20 years.

Document date · October 28, 2019

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Scope & details

The full contract record, as filed.

Contract amount

$2,620,000.00

Contract type

FINANCIAL_SERVICES

Contract term

Up to 20 years

Renewal

Loan term estimated up to 20 years at ~2% interest; refinancing or extension would require future action.

Document type

Meeting Minutes

Source document

mcminn-county-meeting-minutes-2019-10-28_be8.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by McMinn County?

Hiwassee Utilities Commission was awarded this financial services contract by McMinn County, as recorded on October 28, 2019. The contract value is $2,620,000.00.

How much is the Hiwassee Utilities Commission contract with McMinn County worth?

The Hiwassee Utilities Commission contract with McMinn County is valued at $2,620,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in mcminn-county-meeting-minutes-2019-10-28_be8.pdf (Meeting Minutes), dated October 28, 2019 from McMinn County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hiwassee Utilities Commission hold?

Hiwassee Utilities Commission 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 Hiwassee Utilities Commission's profile

What is McMinn County currently buying?

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