Tennessee Local Development Authority | State of Tennessee Awards Financial Services Contract to Watts Bar Utility District (February 2025)
Tennessee Local Development Authority | State of TennesseeState · Nashville, TN- Disclosed value
- $1,000,000 ($500,000 loan and $500,000 principal forgiveness)
- From minutes
- Approved
- Feb 13, 2025
- Term
- 15 years
- Renews
- Free account
The 30-second brief
The Tennessee Local Development Authority approved a $1 million DWSRF financing package for Watts Bar Utility District to replace approximately 3,600 water meters. The package includes a $500,000 loan and $500,000 in principal forgiveness over 15 years.
Watts Bar Utility District holds this financial services contract with Tennessee Local Development Authority | State of Tennessee. Its other public contracts on record include work for Monroe County and Sweetwater Housing Authority.
The renewal date is on record. A free account shows it, with the renewals for every Tennessee Local Development Authority | State of Tennessee contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,000,000 ($500,000 loan and $500,000 principal forgiveness)
- Document date
- February 13, 2025
- Term
- 15 years
- Renews
- Free account
- Source document
- Tennessee Local Development Authority Minutes Meeting Minutes 2025-02-13 (Minutes)
Watts Bar Utility District's other public contracts
More Tennessee Local Development Authority | State of Tennessee contracts
Questions about this contract
Who was awarded the financial services contract by Tennessee Local Development Authority | State of Tennessee?
Watts Bar Utility District was awarded this financial services contract by Tennessee Local Development Authority | State of Tennessee, as recorded on February 13, 2025. The contract value is $1,000,000 ($500,000 loan and $500,000 principal forgiveness).
How much is the Watts Bar Utility District contract with Tennessee Local Development Authority | State of Tennessee worth?
The Watts Bar Utility District contract with Tennessee Local Development Authority | State of Tennessee is valued at $1,000,000 ($500,000 loan and $500,000 principal forgiveness), 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 Tennessee Local Development Authority Minutes Meeting Minutes 2025-02-13 (Minutes), dated February 13, 2025 from Tennessee Local Development Authority | State of Tennessee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Watts Bar Utility District hold?
Watts Bar Utility District may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Tennessee Local Development Authority | State of Tennessee currently buying?
Explore Tennessee Local Development Authority | State of Tennessee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.