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Council adopts reimbursement resolution to allow pre-bond water purchases to be reimbursed
2990473 · April 1, 2025
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Summary
Council adopted Resolution 2025-08 enabling the city to reimburse prior expenditures for water-system property and design from future bond proceeds as the city prepares to issue debt for a water storage capacity project.
Belgrade's City Council unanimously adopted Reimbursement Resolution 2025-08 so the city can reimburse itself for certain near-term purchases and design costs for a planned water storage capacity project once bond proceeds are issued.
Finance staff said the city has begun the debt-issuance process for the…
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