McMinn County Awards $2,918,900 Financial Services Contract to Hiwassee Utilities Commission (October 2021)

The McMinn County Commission approved Resolution 21-112 authorizing the Hiwassee Utilities Commission to increase its Drinking Water State Revolving Loan to $2,918,900 at an estimated 1.1% interest for up to 20 years. The funds will finance critical capital improvements at the regional water treatment plant, with McMinn County’s share of the obligation at $1,459,450.

Document date · October 18, 2021

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Scope & details

The full contract record, as filed.

Contract amount

$2,918,900.00

Contract type

FINANCIAL_SERVICES

Contract term

Up to 20 years

Renewal

This action amends prior Resolution 19-113 by increasing the authorized loan amount from $2,620,000 to $2,918,900; loan term is anticipated up to 20 years.

Document type

Meeting Minutes

Source document

mcminn-county-meeting-minutes-2021-10-18_ea7.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 18, 2021. The contract value is $2,918,900.00.

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

The Hiwassee Utilities Commission contract with McMinn County is valued at $2,918,900.00, 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-2021-10-18_ea7.pdf (Meeting Minutes), dated October 18, 2021 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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