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Council approves roughly $45 million sewer and water bond sale; staff flags $6.39 monthly regulatory fee increase
Summary
Council approved moving forward with a roughly $45 million water and sewer revenue bond sale tied to an EPA consent decree; staff reported a potential $6.39 per-customer monthly regulatory compliance fee increase to help cover costs and presented bid results showing a 4.75% winning rate.
The Tyler City Council on June 11 approved financing steps for about $45 million in water and sewer revenue bonds intended to fund projects tied to the city’s EPA consent decree, and staff outlined a possible regulatory compliance fee increase of about $6.39 per customer per month to cover the program costs.
City staff summarized an estimated project package totaling $45,825,294 that includes: capacity improvements ($14,500,000), private lateral repairs ($1,000,000), Group 3 repairs ($3,100,000), Group 4…
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