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Council approves resolution to seek TWDB funding for lead service line replacement program
Summary
The council authorized staff to apply for up to $25 million through the Texas Water Development Board’s lead service-line replacement program; MBU staff said the application had to be filed before board and council schedules aligned, and that formal approvals would follow before bond issuance.
Mayor and City Council approved a resolution requesting financial assistance from the Texas Water Development Board (TWDB) for the Lead Service Line Replacement (LSLR) program and authorized staff to proceed with the application process.
An MBU representative explained the TWDB program offers financing with 51% principal forgiveness and 49% low-interest loan terms using Drinking Water State Revolving Fund monies from the Infrastructure Investment and Jobs Act. Because the TWDB call…
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