Description
The City of Fairmont, West Virginia, is issuing a $4,000,000 tax‑exempt Sewerage System Design Bond Anticipation Note and is requesting proposals from qualified financial institutions to purchase the notes at a fixed, tax‑exempt bank‑qualified rate. The notes will finance design, betterments, and pre‑construction activities for the municipal sanitary sewer system. Interest will be paid monthly from surplus system revenues, with principal to be repaid from future sewer revenue bonds. Proposals are due by 11:00 a.m. on November 25, 2026, with questions due by November 6, 2026.
• Bond amount: $4 million, term 4 years, interest‑only payments
• Fixed‑rate, tax‑exempt, bank‑qualified rate required
• Submission deadline: 11/25/2026 11:00 AM (Fairmont Wastewater Treatment Plant)
• Primary contact: Lara Vanfosson, Utility Controller (email [email protected], phone (304) 366‑6211)
• Additional legal counsel contact: John Stump, Steptoe & Johnson (email [email protected])
• City will cover bond counsel and related legal fees
• No pre‑bid meeting or mandatory site visit indicated