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Council hears finance report: Reservoir 4 loan draw, sale of former Public Works building and water-rate context
Summary
The finance report noted a draw against a low-interest loan for Reservoir 4, confirmed the sale of the former Public Works building and discussed a previously passed 2023 resolution on 5% annual water-rate increases.
The Woodland City Council heard a finance report on April 21 that detailed a draw against a low-interest loan for the Reservoir 4 water project, the sale of the former Public Works building and the context for water and sewer rates.
Council Member Friend reported the vouchers included a roughly $1,300,000 draw against a loan the city took in 2023 to finance Reservoir 4.…
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