Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Warren Council approves $100 million SRF bond package for wastewater treatment project
Summary
Warren City Council voted to authorize issuance of $100 million in State Revolving Fund junior-lien revenue bonds at about 2% to finance upgrades to the wastewater treatment plant after bids exceeded an earlier $75 million estimate.
Warren City Council on July 22 approved an ordinance to issue $100,000,000 in State Revolving Fund (SRF) junior-lien revenue bonds to finance improvements to the city nd wastewater treatment plant, including the incinerator project.
The action follows bids that exceeded the city nd initial $75 million SRF authorization. City Controller Richard Fox told the council the state had additional funds and the project was approved for $100 million at roughly 2% interest; bond counsel and financial advisers described a 30-year amortization with the first…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
