Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves up to $150M wastewater refunding bonds; staff to apply $5.2M reserve to reduce principal
Summary
Lake Havasu City Council authorized issuance of senior-lien wastewater refunding bonds (series 2025) not to exceed $150 million, approving staff recommendation to apply $5.2 million from a rate-stabilization reserve to lower the principal and debt service.
The Lake Havasu City Council voted 6–0 Tuesday to approve Resolution No. 25-3817, authorizing a refunding of the city’s senior-lien wastewater system revenue bonds (series 2025) in an amount not to exceed $150,000,000.
Council and staff framed the measure as a refinancing only: the transaction will not extend the debt’s final maturity, which remains 2045, and no new money is being added. Finance staff and municipal-bond advisor Mark Reeder of Stifel explained the refinancing aims to replace older bonds issued at roughly 4.80% interest with new bonds priced in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
