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FINANCIAL_SERVICESAPPROVED

Town of Milan Awards Financial Services Contract to Illinois Epa (September 2026)

The Village of Milan accepted a $45 million Illinois EPA loan for Wastewater Treatment Plant financing, with $11.25 million in repayment forgiveness. The loan has a 30-year repayment term at 1.42% interest and requires the Village to establish adequate utility rates.

Document date · September 8, 2026

Issuing agencyTown of MilanVendorIllinois Epa

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TerraCycle logo
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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
$45,000,000 loan; $11,250,000 loan forgiveness
Contract type
FINANCIAL_SERVICES
Contract term
30 years at 1.42% interest
Renewal date
2056-06-16
Renewal
Repayment will include semiannual interest payments and annual principal payments. The Village plans a three- to four-year rate phase-in to generate approximately $1.43 million in additional annual revenue.
Document type
Minutes
Source document
Village of Milan Minutes Council Meeting 2026-09-08

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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 Milan?

Illinois Epa was awarded this financial services contract by Town of Milan, as recorded on September 8, 2026. The contract value is $45,000,000 loan; $11,250,000 loan forgiveness.

How much is the Illinois Epa contract with Town of Milan worth?

The Illinois Epa contract with Town of Milan is valued at $45,000,000 loan; $11,250,000 loan 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 Village of Milan Minutes Council Meeting 2026-09-08 (Minutes), dated September 8, 2026 from Town of Milan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Illinois Epa hold?

Illinois Epa 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 Illinois Epa's profile

What is Town of Milan currently buying?

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