Finance Committee authorizes interfund loan for Drifting Ridge/Argyle Street pump station engineering
Committee authorized an interfund loan from the Sewer District Capital Reserve to Capital Project No. 143 to cover engineering costs not to exceed $146,895 while bond anticipation notes are scheduled for March 2027; project total estimate listed at $1,320,000.
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The Finance Committee approved an interfund loan to Capital Project No. 143 (Drifting Ridge and Argyle Street pump stations) to cover engineering costs up to $146,895. The capital project total is shown in the record as $1,320,000; the committee noted the BAN (bond anticipation note) issuance is planned for March 2027 and the loan will bridge engineering expenses until that financing occurs.
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