City of Racine - File #: 0737-26

• File #: 0737-26
• Version: A
• Name: Subject: Resolution Authorizing the Issuance and Sale of Up to $7,692,681 Waterworks System Revenue Bonds, Series 2026A, and Providing for Other Details and Covenants With Respect Thereto, and Approval of Related Financial Assistance Agreement Staff Re
• Type: Communication
• Status: In Committee
• File created: 8/12/2026
• In control: Finance and Personnel Committee
• Title: Subject: Communication sponsored by Alder Jorgensen, on behalf of the Waterworks Commission, for a resolution authorizing the issuance and sale of up to $7,692,681 Waterworks System Revenue Bonds, Series 2026A, and providing for other details and covenants with respect thereto, and approval of related Financial Assistance Agreement. Recommendation of the Waterworks Commission on 08-19-2026: To Approve with a Referral to the Finance and Personnel Committee. Staff Recommendation: To Approve. Fiscal Note: Financial Assistance Agreement funded through the State Safe Drinking Water Loan Program in the amount of $7,692,681 with a loan term of 20 years at a 2.365% interest rate. The loan total is offset by $1,600,000 in principal forgiveness.

Date	Ver.	Action By	Action	Result
8/19/2026	A	Waterworks Commission

Title

Subject: Communication sponsored by Alder Jorgensen, on behalf of the Waterworks Commission, for a resolution authorizing the issuance and sale of up to $7,692,681 Waterworks System Revenue Bonds, Series 2026A, and providing for other details and covenants with respect thereto, and approval of related Financial Assistance Agreement.

Recommendation of the Waterworks Commission on 08-19-2026: To Approve with a Referral to the Finance and Personnel Committee.

Staff Recommendation: To Approve.

Fiscal Note: Financial Assistance Agreement funded through the State Safe Drinking Water Loan Program in the amount of $7,692,681 with a loan term of 20 years at a 2.365% interest rate. The loan total is offset by $1,600,000 in principal forgiveness.