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Council briefed on wastewater plant, DPW facility financing and potential building-authority debt
Summary
Staff outlined how the wastewater treatment plant, DPW facility and related capital will be financed, including a large Local Development Financing Authority (LDFA) commitment toward wastewater debt and use of a Mason Building Authority for the DPW borrowing.
City staff told the council that financing for the wastewater treatment plant and the planned public works facility will use multiple mechanisms, including Local Development Financing Authority (LDFA) revenue and bonds issued through the Mason Building Authority.
Stewart said the LDFA will pay a large portion of the wastewater debt each year for the life of that loan, reducing rate impacts for…
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