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Council authorizes up to $45M in water and $36M in wastewater revenue bonds; ratings affirmed
5781095 · September 18, 2025
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Summary
City staff presented a bond financing plan to fund water and wastewater capital projects; council authorized resolutions to issue up to $45 million in water revenue bonds and up to $36 million in wastewater revenue bonds and received preliminary bond ratings.
Finance Director Kim Sit told the council the proposed financings would support a list of capital improvements included in the December 2024 rate study. The two resolutions would authorize issuance of up to $45 million in water revenue bonds and up to $36 million in wastewater…
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