Legislation Details

File #: 0738-26    Version: A Name: Subject: Resolution Authorizing the Issuance and Sale of Up to $18,800,607 TAXABLE Waterworks System Revenue Bonds, Series 2026B, and Providing for Other Details and Covenants With Respect Thereto, and Approval of Related Financial Assistance Agreement
Type: Communication Status: Passed
File created: 8/12/2026 In control: Finance and Personnel Committee
On agenda: 9/1/2026 Final action: 9/1/2026
Title: Subject: Communication sponsored by Alder Jorgensen, for a resolution authorizing the issuance and sale of up to $18,800,607 Taxable Waterworks System Revenue Bonds, Series 2026B, 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. Recommendation of the Finance and Personnel Committee on 08-24-2026: To Approve Fiscal Note: Financial Assistance Agreement funded through the State Safe Drinking Water Loan Program is in the amount of $18,800,607, with a 20-year loan term at a 0.250% interest rate. The loan total is offset by $21,353,504 in principal forgiveness.
Attachments: 1. City_of_Racine_SDWLP_LSL_Project_4887-23 2026B, 2. Racine, C of - 26B SDW - Bond Resolution, 3. #0738-26 Resolution

Title

Subject: Communication sponsored by Alder Jorgensen, for a resolution authorizing the issuance and sale of up to $18,800,607 Taxable Waterworks System Revenue Bonds, Series 2026B, 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.

 

Recommendation of the Finance and Personnel Committee on 08-24-2026: To Approve

 

Fiscal Note: Financial Assistance Agreement funded through the State Safe Drinking Water Loan Program is in the amount of $18,800,607, with a 20-year loan term at a 0.250% interest rate. The loan total is offset by $21,353,504 in principal forgiveness.