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Staff outlines possible public–private partnership to advance McDermott trunk sewer; council requests more detail
Summary
Staff told Meridian City Council on June 24 they are discussing a public–private partnership that could advance the McDermott trunk sewer sooner than currently planned if a developer agrees to front construction costs and accept reimbursement risk.
Meridian staff briefed the City Council on June 24 about a possible public–private partnership (PPP) intended to accelerate construction of a segment of the McDermott trunk sewer that the city had planned for a later year in the capital facilities plan.
Staff said the concept would let a developer fund and build an eligible trunk segment earlier — at the developer’s upfront cost — and the city would reimburse half of the documented cost at the time the project appeared in the city’s capital plan (the staff example advanced the schedule from 2028 to 2026, with the city’s 50% payment not due until the originally planned year). The draft terms staff discussed…
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