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Kalamazoo Commission adopts notices of intent for $153.7 million in 2025 bonds
Summary
The Kalamazoo City Commission on Monday adopted notices of intent to issue three 2025 bond series — wastewater revenue, capital improvement and water supply revenue bonds — taking the first formal step to finance lead-line replacements, PFAS mitigation, station consolidations and other infrastructure projects.
The Kalamazoo City Commission on Monday voted unanimously to adopt notices of intent to issue three bond series totaling up to $153.7 million for 2025 infrastructure projects, the first formal step required before the city moves to market borrowing.
Chief Financial Officer Steve Desensi said the three actions cover an $11.5 million wastewater system revenue bond, a $12.2 million capital improvement bond and a $130 million water supply system revenue bond. "These amounts all come from our capital plan which was approved in the budget," Desensi said, adding that roughly $100 million of the water-supply bonding relates to DWSRF-eligible projects and that the city has $20 million in principal forgiveness awarded to…
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