Rio Dell — The city council unanimously approved a resolution authorizing the execution of a financing agreement with the State Water Resources Control Board to cover remaining costs on the city’s multi-year water capital improvement project.

Resolution details and vote

Resolution No. 1651-2025 authorizes a financing agreement with the State Water Resources Control Board. Council voted 4-0 to approve the resolution; no individual roll-call votes were recorded in the meeting transcript. The meeting packet described a state award of approximately $12.9 million for the overall project and noted that, after bidding, some items would need additional funding to complete the originally planned scope.

Financing terms and project scope

City staff explained the financing would cover a principal amount (staff cited approximately $2.345 million) and interest, producing total debt service of $3,476,083.01. Staff told the council the State has offered a loan at roughly 1.9% interest and a long amortization (reported as about 40–42 years). The additional financed work would complete planned upgrades on streets and service connections listed in the packet (staff named neighborhoods and streets including Maloa, North Court, Ravey, Painter and Walker and noted work on hydrants, meters, meter boxes, valves, piping and service lines).

Staff framing and council discussion

Staff said the city had sought additional grant funds but the State Water Resources Control Board indicated no extra grant funding was available; the board did make financing available at an advantageous interest rate. City staff and councilors discussed timing and the benefit of completing the fuller scope now rather than leaving the project partially finished.

Next steps

Staff will execute the financing agreement and continue with the integrated project work that is already underway, including tank work and street-level connections. The resolution’s approval authorizes staff to finalize the financing agreement; specific loan documents and amortization schedules will be included in the financing paperwork.