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Arvada outlines utility capital plan, bond sale and scenarios that could double bills under full funding
Summary
In a July 1 workshop the city presented 10‑year capital-improvement programs and financial scenarios for water, wastewater and stormwater funds, reported a successful bond sale and said a fully funded implementation could roughly double typical water bills by 2028.
City staff presented long-term capital plans and financial scenarios for Arvada’s water, wastewater and stormwater utilities at a July 1 workshop and reported a successful competitive bond sale to help fund planned projects.
What staff presented and the bond sale
Director of Infrastructure Miss Rhodes and the utilities team summarized a 10-year capital-improvement program (CIP) and two funding scenarios for each utility fund: a minimal scenario that funds existing debt service, operations and the most immediate projects, and a fully funded scenario that would finance all identified red/orange/yellow CIP projects across the 10‑year horizon.
Staff said the city competitively sold bonds last week to support the program: roughly $90,000,000 for the Water Fund and $15,000,000 for the Sewer Fund, both with 30-year terms; the winning interest rates reported were about 4.548% for the water issuance and 4.623% for…
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