Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves broader water-project scope; members discuss potential rate impacts
Summary
The Utility Board approved a change in scope to pursue larger water projects to qualify for low-interest state funding and discussed the need for a rate study and possible future rate adjustments tied to Parkersburg utility charges.
The Utility Board voted to approve a revised scope for its water projects so the city can seek a larger state loan package and qualify for lower interest rates. Staff told the board expanding the project list for the loan application will improve the city’s chance of receiving favorable financing.
"We were trying to get a loan of $33,000,000-ish," Speaker 3 (Board member) said, describing the prior application. Staff explained state funding reviewers excluded the city because current water rates did not meet the program’s…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
