FINANCIAL_SERVICESAPPROVED

Town of Kanosh Awards Financial Services Contract to United States of America Acting Through the Department of Agriculture Rural Utilities Service (September 2024)

Kanosh Town Council approved a parameters resolution authorizing issuance of up to $900,000 in Water Revenue Bonds and a related anticipation note to be purchased by the USDA Rural Utilities Service. The financing package, combining a $524,000 low-interest loan and ECWAG grants, will fund a new well, control building, and related water system improvements, with maturities up to 45 years.

Status
APPROVED
Document date
September 11, 2024
Contract type
FINANCIAL_SERVICES
Vendor
United States of America Acting Through the Department of Agriculture Rural Utilities Service
Agency
Town of Kanosh · UT

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Aggregate principal amount not to exceed $900,000; loan of $524,000 at 2 3/8% interest over 40 years; ECWAG grants of $102,000 and $174,000
Contract type
FINANCIAL_SERVICES
Contract term
Bonds to mature in not more than 45 years; Water Revenue Bond Anticipation Note to mature not later than 3 years from date
Renewal
One-time bond and note issuance for long-term and interim financing; no renewal or extension terms described beyond bond and note maturities.
Document type
Minutes
Source document
Town of Kanosh Council Meeting Minutes September 11 2024

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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 Kanosh?

United States of America Acting Through the Department of Agriculture Rural Utilities Service was awarded this financial services contract by Town of Kanosh, as recorded on September 11, 2024. The contract value is Aggregate principal amount not to exceed $900,000; loan of $524,000 at 2 3/8% interest over 40 years; ECWAG grants of $102,000 and $174,000.

How much is the United States of America Acting Through the Department of Agriculture Rural Utilities Service contract with Town of Kanosh worth?

The United States of America Acting Through the Department of Agriculture Rural Utilities Service contract with Town of Kanosh is valued at Aggregate principal amount not to exceed $900,000; loan of $524,000 at 2 3/8% interest over 40 years; ECWAG grants of $102,000 and $174,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Kanosh Council Meeting Minutes September 11 2024 (Minutes), dated September 11, 2024 from Town of Kanosh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States of America Acting Through the Department of Agriculture Rural Utilities Service hold?

United States of America Acting Through the Department of Agriculture Rural Utilities Service 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 United States of America Acting Through the Department of Agriculture Rural Utilities Service's profile

What is Town of Kanosh currently buying?

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

View Town of Kanosh's profile

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