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Council Discusses Interfund Loan From Water to Wastewater to Advance Combined-Sewer Overflow Project; No Final Vote
Summary
City staff presented an ordinance authorizing an interfund loan from the water fund to the wastewater fund to finance a combined-sewer overflow project with an estimated cost of $4.5 million. Council held a first-reading discussion; staff will return with further details including bid timing, water-fund cash levels and grant opportunities.
City staff presented an ordinance Oct. 6 that would authorize an interfund loan from the water fund to the wastewater fund to support the combined-sewer overflow (CSO) project. Council discussed the proposal during the meeting but did not take a final vote; staff said they will return to council at a future meeting with additional information.
What staff proposed
Finance staff explained the wastewater fund is projecting financial strain in 2026 and that the CSO project has an engineering estimate of $4,500,000. To allow the project to move forward sooner, staff proposed a…
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