Civic IQ
FINANCIAL_SERVICESDISCUSS​ED

CIDC Proposes $225,000 Loan for Water Upgrades

CIDC conditionally agreed to lend Wilna $225,000 for sewer disinfection and water facility upgrades. The proposed 30-year loans carry 1% interest-only payments for three years before converting to principal and interest.

Document date · July 8, 2024

Issuing agencyTown of WilnaVendorCIDC

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Scope & details

The full contract record, as filed.

Contract amount
$150,000 to the Herrings Sewer District and $75,000 to Natural Bridge Water District #2
Contract type
FINANCIAL_SERVICES
Contract term
30 years; 1% interest-only for the first 3 years, then principal and interest beginning in year 4
Renewal date
2054-07-08
Renewal
30-year loan term; no prepayment penalty. Grant proceeds obtained before maturity may be used to pay down principal.
Document type
Minutes
Source document
Town of Wilna Minutes 2024-07-08

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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 Wilna?

CIDC was awarded this financial services contract by Town of Wilna, as recorded on July 8, 2024. The contract value is $150,000 to the Herrings Sewer District and $75,000 to Natural Bridge Water District #2.

How much is the CIDC contract with Town of Wilna worth?

The CIDC contract with Town of Wilna is valued at $150,000 to the Herrings Sewer District and $75,000 to Natural Bridge Water District #2, 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 Town of Wilna Minutes 2024-07-08 (Minutes), dated July 8, 2024 from Town of Wilna. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does CIDC hold?

CIDC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Wilna currently buying?

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

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