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

The Canton City Council approved Resolution 2026-13 authorizing an Advance Agreement with the Minnesota Rural Water Finance Authority for a Governmental Master Note of up to $3,741,000 to provide temporary financing for water and sewer system improvements. The note will be repaid from a USDA Rural Development loan and other pledged revenues, with the City's full faith and credit as backup.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $3,741,000

Contract type

FINANCIAL_SERVICES

Renewal

Advance Agreement and associated Governmental Master Note provide temporary financing to be taken out by permanent USDA Rural Development funding; Authorized Officers may execute an extension of the maturity date if permanent financing is delayed.

Document type

AgendaPacket

Source document

Canton City Council AgendaPacket August 12, 2026

Related contracts

Other contracts from Mn Rural Water Finance Authority.

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City of Onamia Regular Council Meeting Minutes 2024-03-13

APPROVED

Town of Onamia, MinnesotaMar 13, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

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

Mn 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 $3,741,000.

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

The Mn Rural Water Finance Authority contract with Town of Canton is valued at Not to exceed $3,741,000, 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 Canton City Council AgendaPacket August 12, 2026 (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 Mn Rural Water Finance Authority hold?

Mn 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 Mn 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.

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