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ESU staff outline $4 million revenue bond plan to fund hydro plant and sewer lining
Summary
Staff presented a plan to issue $4 million in revenue bonds to fund hydro plant completion and three summers of sewer I&I work; refinancing of 2013 bonds was discussed as a possible near‑term cost saver.
The Environmental Services Utility Board discussed a proposed $4 million revenue bond issuance at its July 21 meeting to fund the hydroelectric project and continued sewer infiltration and inflow (I&I) work. Mayor Curtis summarized the proposed allocation: about $2,000,000 for the hydro plant, $1,500,000 for I&I and sewer lining work across basins over multiple summers, and $500,000 held as miscellaneous contingency for…
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