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Council approves $32.9 million bond ordinance to rebuild Dawson and East Avenue pump stations
Summary
The council approved a bond ordinance authorizing up to $32.9 million for planning, design and construction of Dawson Avenue and East Avenue sewer pump stations; the city seeks 80% loan financing and will apply for Clean Water Fund grant for the remainder.
The West Haven City Council approved a bond ordinance on Sept. 9 authorizing up to $32,900,000 for planning, design and construction of new sewer pump stations at Dawson Avenue and East Avenue.
Finance staff presented the project to the finance committee as a capital item. The ordinance authorizes the appropriation and allows the city to issue bonds or bond anticipation notes to meet the appropriation; committee language in the record anticipates an 80% loan at a roughly 2% interest rate over 20 years with the remaining 20% to be sought through grant funding from Connecticut’s Clean Water Fund administered by the Department of Energy and Environmental Protection (DEEP). The record indicates repayment would be drawn from sewer-use charges and the Water Pollution Control budget.
The finance committee moved the item favorably and, after committee reports to the full council, the motion was approved by the council. The motion authorizes the mayor, finance director and treasurer to take the necessary bond-sale steps, and allows the bond committee to issue bond anticipation notes for short-term financing prior to issuance of permanent bonds.
Votes at a glance: Committee vote was unanimous; the council recorded the item approved in committee reports and carried the motion on the floor.
The city will apply for DEEP Clean Water Fund assistance for up to 20% of project costs and proceed with bonding and design steps as authorized.
