FINANCIAL_SERVICESRECOMMENDED

District Poised to Seek $6.5M IBank Wastewater Loan

Olivenhain Municipal Water District’s Finance Committee recommended that the Board authorize staff to apply to the California Infrastructure and Economic Development Bank for a proposed $6.5 million, 20-year wastewater project loan. The action would initiate the application and reimbursement resolution, with final loan approval contingent on favorable terms.

Status
RECOMMENDED
Document date
August 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
California Infrastructure & Economic Development Bank (ibank)
Agency
Olivenhain Municipal Water District · CA

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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
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
$6,500,000 (planned debt issuance)
Contract type
FINANCIAL_SERVICES
Contract term
20-year loan (proposed) with repayments beginning within one year of closing and a ten-year prepayment lockout
Renewal
Initial direction is to pursue a new 20-year IBank loan; final approval and any future refinancing or prepayment would occur after a ten-year lockout period and require additional Board action.
Document type
AgendaPacket
Source document
Olivenhain Municipal Water District Finance Committee Agenda Packet 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Olivenhain Municipal Water District?

California Infrastructure & Economic Development Bank (ibank) was awarded this financial services contract by Olivenhain Municipal Water District, as recorded on August 11, 2026. The contract value is $6,500,000 (planned debt issuance).

How much is the California Infrastructure & Economic Development Bank (ibank) contract with Olivenhain Municipal Water District worth?

The California Infrastructure & Economic Development Bank (ibank) contract with Olivenhain Municipal Water District is valued at $6,500,000 (planned debt issuance), 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 Olivenhain Municipal Water District Finance Committee Agenda Packet 2026-08-11 (AgendaPacket), dated August 11, 2026 from Olivenhain Municipal Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Infrastructure & Economic Development Bank (ibank) hold?

California Infrastructure & Economic Development Bank (ibank) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Olivenhain Municipal Water District currently buying?

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

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