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City gives notice of intent for up to $18 million water revenue bonds to fund lead-line replacements

3196720 · April 29, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The fiscal committee approved a notice of intent to issue water supply system revenue bonds not to exceed $18 million, intended primarily to fund lead service line replacements and water main work in southeast Grand Rapids.

The fiscal committee voted to approve a notice of intent to issue water supply system revenue bonds not to exceed $18,000,000 to finance lead service-line replacements and water main improvements. The funding is expected to be issued through the Michigan Finance Authority as part of the Drinking Water State Revolving…

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