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City discussed up to $145 million revenue bond for Grand Prairie water system to accept Lake Michigan supply
Summary
City finance staff and financial advisor discussed a potential revenue bond not to exceed $145 million to fund design and improvements to accept Lake Michigan water including towers, pumping stations and main replacements; staff said they aim to shift as much debt as possible to low‑interest state and federal loans.
Finance committee members and the city's financial advisor presented information about a proposed revenue bond not to exceed $145 million to fund design and capital work for the Grand Prairie water‑system improvements needed to accept Lake Michigan water.
A representative from Spear Financial (identified as…
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