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Council amends CCUA supplemental agreement and approves resolution to sell CCUA Series 2025 bonds
Summary
Park City amended its supplemental agreement with the Chisholm Creek Utility Authority to extend a March 1 deadline to March 27, 2025, and approved Resolution 1247-2025 authorizing sale of CCUA Series 2025 revenue bonds; both measures passed 5-0.
Park City Council approved two related items involving the Chisholm Creek Utility Authority (CCUA): an amendment to the sixth supplemental water supply and wastewater service agreement that extends a contractual deadline, and a resolution authorizing the sale of CCUA Water and Wastewater Facilities Revenue Bond Series 2025. Both actions passed 5-0.
The nut graf: the amendment changes a termination/contingency date in section 1.16 of the supplemental agreement from March 1, 2025 to March 27, 2025 to accommodate the KDHE-approved design and the CCUA bond and construction procurement schedule; the council also approved a resolution (Resolution 1247-2025) authorizing the sale of revenue bonds to fund the wastewater treatment plant expansion.
Staff reported the KDHE has approved the updated design; a bid opening for the expansion was scheduled for Feb. 25, 2025, and finalizing the bid tabulation, bond counsel/investor numbers, and an AG approval of bond resolution would push the earliest possible bond closing and construction contract approval into mid-March. Bel Aire (a member city) had already approved the amendment at its council meeting the week prior.
Actions: Councilmember Charlie Davidson moved to approve the amendment to the sixth supplemental agreement with CCUA; Councilmember Jim Schrader seconded and the motion passed 5-0. Later the council considered and approved Resolution 1247-2025 authorizing the sale of CCUA Series 2025 revenue bonds; Councilmember Troy Hill moved to approve the resolution, Councilmember Jim Schrader seconded, and the motion passed 5-0.
Ending: Staff said CCUA would hold a special meeting/Zoom call the following day to advance bond actions and that the schedule was proceeding toward mid-March closings and contract approval.
