FINANCIAL_SERVICESAPPROVED

Town of Canton Awards Financial Services Contract to Minnesota Rural Water Finance Authority (August 2026)

The City of Canton approved an Advance Agreement with the Minnesota Rural Water Finance Authority for temporary financing via a General Obligation Bond Anticipation Note not to exceed $1,539,000 to fund water and street improvement projects. The note will be repaid from permanent financing provided through USDA Rural Development.

Status
APPROVED
Document date
August 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Minnesota Rural Water Finance Authority
Agency
Town of Canton · MN

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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
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
Not to exceed $1,539,000
Contract type
FINANCIAL_SERVICES
Renewal
Single bond anticipation note issued under Advance Agreement for temporary financing; no explicit renewal or extension options beyond execution of an Extension Agreement for the stated maturity date as evidenced by an Extension Certificate.
Document type
AgendaPacket
Source document
City of Canton AgendaPacket Meeting Materials 2026-08-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Canton?

Minnesota Rural Water Finance Authority was awarded this financial services contract by Town of Canton, as recorded on August 12, 2026. The contract value is Not to exceed $1,539,000.

How much is the Minnesota Rural Water Finance Authority contract with Town of Canton worth?

The Minnesota Rural Water Finance Authority contract with Town of Canton is valued at Not to exceed $1,539,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Canton AgendaPacket Meeting Materials 2026-08-12 (AgendaPacket), dated August 12, 2026 from Town of Canton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minnesota Rural Water Finance Authority hold?

Minnesota Rural Water Finance Authority 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 Minnesota Rural Water Finance Authority's profile

What is Town of Canton currently buying?

Explore Town of Canton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Canton's profile

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