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Independence council considers $7.5 million borrowing for water treatment design amid questions about river levels and wells
Summary
Council considered a resolution to authorize up to $7.5 million in interim borrowing to complete design for a proposed surface-water treatment plant; debate centered on water availability, pump failures at existing wells, and the need to put purchased water rights to beneficial use.
The Independence City Council considered a resolution authorizing the city to borrow up to $7,500,000 to fund the design phase of a planned surface-water treatment plant, prompting debate about regional river levels, the condition of existing wells and the urgency of putting city-held water rights into beneficial use.
Finance staff described a proposed bank line-of-credit (a taxable bank arrangement rather than a state revolving fund loan) to cover the design phase. Staff said the city sought state drinking-water revolving-fund financing but was told insufficient funding was available, and that the city negotiated a bank line of credit offering terms roughly comparable to what the state loan would have provided. Staff said the initial expected…
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