Commissioners approve $4.27M water bond and $1.5M wastewater bond for Montana projects

Helena city officials have taken significant steps to enhance the community's water and wastewater systems by approving two major revenue bonds during the Regular Commission Meeting on May 5, 2025.

The commission unanimously approved a resolution for a $4,271,000 water system revenue bond through the Department of Natural Resources and Conservation (DNRC) as part of the Drinking Water State Revolving Loan Program. This 20-year bond, with a fixed interest rate of 2.5%, will support the crosstown connector project, which aims to improve water infrastructure in Helena. Payments on this bond will commence on January 1, 2026, and continue until July 2045. The approval follows a reimbursement resolution passed in October 2022, indicating a well-planned financial strategy for the city's water system.

In addition, the commission also approved a $1,500,000 wastewater system revenue bond, which includes two series: a subordinate lien taxable series and a taxable series with potential loan forgiveness. This funding will facilitate improvements at the wastewater treatment plant, specifically for a new SCUM pump project. The series A bond, valued at $496,500, offers a chance for loan forgiveness contingent upon the city meeting compliance requirements set by the DNRC.

These financial decisions reflect Helena's commitment to maintaining and upgrading essential public services while managing costs effectively. The bonds will enable the city to undertake necessary infrastructure projects without imposing significant financial burdens on residents. As these projects progress, Helena's water and wastewater systems are expected to see enhanced reliability and efficiency, benefiting the community for years to come.