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Council introduces ordinance to authorize up to $47 million in sewage works revenue bonds
Summary
Council received an introduction of Ordinance 25-03 authorizing up to $47,000,000 in revenue bonds to fund sewer treatment plant expansion, interceptor and lift-station work, manhole rehabilitation and related improvements; bond sale timing tied to construction bids.
The Franklin City Council on March 17 heard an introduction of Ordinance 25-03, which would authorize the issuance of up to $47,000,000 in sewage works revenue bonds to pay for a group of sewer projects including expansion of the wastewater treatment plant, a west-side interceptor and lift station, sanitary sewer manhole rehabilitation and related improvements.
City Attorney Lynn Gray deferred to bond counsel Mr. Hall to explain…
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