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Council authorizes junior‑lien revenue bonds for water and sewage projects, including lead service replacements and wastewater plant upgrades
Summary
The council held public hearings and adopted resolutions authorizing supplemental issuance of junior‑lien revenue bonds for the water supply system and sewage disposal system to fund lead service line replacements, a White Street water main replacement and wastewater plant repairs and UV treatment.
The Saginaw City Council authorized the supplemental issuance of junior‑lien revenue bonds for the water supply system and the issuance of junior‑lien revenue bonds for the sewage disposal system after public hearings and presentations by city water staff.
Mike Green, the city’s director of water and wastewater, told the council the water bond authorization covers two primary projects: replacement of lead service lines and replacement of a water main on White Street. He said the authorization is structured to allow up to $18,800,000 but that staff expected the…
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