$6.3M MPUA infrastructure loan
City of Monett cityMissouri- Detected
- Jul 9, 2026
- 116 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
City staff presented options for a $6.3 million loan from MPUA versus a $3.5 million loan from Central Bank of the Midwest and recommended the MPUA financing for early payoff flexibility. A 15-year structure at about 4.97% with a not-to-exceed 5% rate will come to the July 2026 council meeting as an ordinance. Once finalized, this financing will underwrite specific utility or infrastructure projects, so capital project and financial advisors should track which improvements are tied to the loan and how the City plans to deploy the funds.
Loan purpose is not specified in the excerpt, but it likely supports utility or infrastructure work; terms include option for early payoff.
From the meeting
- Meeting date
- July 9, 2026
- Agency
- City of Monett city
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