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Springdale approves $58.72 million water and sewer revenue bonds to finish west-side line
Summary
The council authorized $58,720,000 in water and sewer revenue bonds to complete a 48-inch water line tie to Beaver Water District and other system improvements; bonds mature to 2046 and are payable only from system revenues.
Springdale City Council on March 11 approved an ordinance authorizing the issuance and sale of $58,720,000 in water and sewer revenue bonds to finance extensions, betterments and improvements to the city’s water and sewer systems, including completing a 48-inch water line connection to Beaver Water District.
Heath (city staff presenter) said the financing will finish the…
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