Council approves water/wastewater revenue bonds and two city property purchases to consolidate utility and operations space

Loveland —City Council voted Tuesday to authorize water- and wastewater-enterprise revenue bonds and to approve two property purchases intended to house city utility and operations staff.

Council approved four bond ordinances that staff said will fund projects in the Water and Wastewater enterprises, and then approved two budget appropriations to buy property: a 6,000-square-foot retail/office unit at the Loveland Yards (proposed to be paid with capital expansion fees) and a larger 89,000-square-foot campus at 1515–1615 Cascade Avenue proposed for acquisition by Water & Power and other departments.

Why it matters: Staff told council that utility administrative and operations space is overcrowded, that several departments pay high private-sector rents and that acquiring space now is less costly than building new facilities later. City staff also described a plan to use enterprise impact fees and bonds to acquire and adapt the campuses and to reduce long-term leasing costs.

Bond ordinances and legal questions

Council adopted four bond ordinances (series 2025) authorizing issuance of Water Enterprise…