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File #:
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0948-25
Version:
A
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Name:
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Subject: Communication Sponsored by Commissioner Jorgenson Regarding a Resolution Authorizing the Issuance and Sale of Up to $4,039,643 Waterworks System Revenue Bonds, Series 2025A, and Providing for Other Details and Covenants With Respect Thereto, and
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Type:
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Communication
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Status:
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Committee Report To Council
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Title:
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Subject: Communication regarding a Resolution Authorizing the Issuance and Sale of Up to $4,039,643 Waterworks System Revenue Bonds, Series 2025A, and Providing for Other Details and Covenants With Respect Thereto, and Approval of Related Financial Assistance Agreement
Recommendation of the Waterworks Commission on 09-22-2025: To Approve with a Referral to the Finance and Personnel Committee
Recommendation of the Finance and Personnel Committee on 09-29-2025: That a Resolution Authorizing the Issuance and Sale of Up to $4,039,643 Waterworks System Revenue Bonds, Series 2025A, and Providing for Other Details and Covenants With Respect Thereto, and Approval of Related Financial Assistance Agreement be approved.
Fiscal Note: Financial Assistance Agreement funded through the state Safe Drinking Water Loan Program is in the amount of $4,039,643 with a loan term of 20 years at a 2.475% interest rate. The loan total is offset by $1,600,000 in principal forgiveness.
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Title
Subject: Communication regarding a Resolution Authorizing the Issuance and Sale of Up to $4,039,643 Waterworks System Revenue Bonds, Series 2025A, and Providing for Other Details and Covenants With Respect Thereto, and Approval of Related Financial Assistance Agreement
Recommendation of the Waterworks Commission on 09-22-2025: To Approve with a Referral to the Finance and Personnel Committee
Recommendation of the Finance and Personnel Committee on 09-29-2025: That a Resolution Authorizing the Issuance and Sale of Up to $4,039,643 Waterworks System Revenue Bonds, Series 2025A, and Providing for Other Details and Covenants With Respect Thereto, and Approval of Related Financial Assistance Agreement be approved.
Fiscal Note: Financial Assistance Agreement funded through the state Safe Drinking Water Loan Program is in the amount of $4,039,643 with a loan term of 20 years at a 2.475% interest rate. The loan total is offset by $1,600,000 in principal forgiveness.
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