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Council approves amended water rate package and authorizes revenue bonds to fund $70M in water projects
Summary
The council approved amendments to a proposed water‑rate increase and authorized revenue bonds to fund water system improvements, including federally mandated lead service line replacements. The package includes phased customer rate increases and a system development charge aligned with neighboring communities.
The Lafayette City Council approved an amended water‑rate ordinance on second reading and passed a companion revenue bond ordinance to finance a multi‑year water infrastructure program.
Mayor (addressing the council) described a roughly $70 million program of waterworks improvements that includes main replacements, a new well field and about $30 million earmarked for lead service line replacements the city must address to meet U.S. Environmental Protection Agency requirements. The mayor said $5 million in grant funding has been obtained for an initial phase but additional funding is uncertain, so the city sought a rate and bond package to ensure the work could…
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