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Council advances water-enterprise bond ordinance to finance water treatment project; first reading passes 6-1
Summary
Brighton’s finance director told council the city will issue Water Activity Enterprise revenue bonds in 2025 to finish its water treatment plant; the council approved the bond ordinance on first reading 6-1 with a final vote and competitive sale scheduled in February.
Brighton’s council advanced an ordinance on Jan. 21 authorizing the issuance and sale of Water Activity Enterprise revenue bonds (Series 2025) to finance the remaining portion of the city’s water treatment plant project. The measure passed on first reading by a 6-1 roll-call vote.
Finance Director Katrina Asher reviewed the city’s financing plan, saying the project uses a combination of grants, reserves and bonding. Asher…
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