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Committee authorizes up to $20 million in water revenue bonds for main replacements
Summary
The finance committee approved a resolution authorizing up to $20 million in water revenue bonds to finance two water-main replacement projects estimated at roughly $16.2 million and $4.2 million.
The Providence City Committee on Finance on Jan. 23 approved a resolution authorizing the issuance of water revenue bonds and notes not to exceed $20,000,000 to finance replacement of aging water mains and related infrastructure.
A staff presenter described two planned projects: one larger replacement estimated at about $16,200,000 and a second project estimated at about $4,200,000. “The $21,000,000 that we're…
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