Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council adopts broadband IGA, reconsiders two ordinances and continues EPA wastewater loan until Aug. 5
Summary
At its July 15 meeting the Lake Oswego City Council approved a consent resolution authorizing an intergovernmental agreement on broadband, voted to reconsider two ordinances and continued consideration of a proposed EPA loan for the wastewater treatment plant to Aug. 5 so staff can return with a draft loan agreement and a one‑page term sheet.
Lake Oswego City Council on July 15 approved a consent resolution authorizing an intergovernmental agreement (IGA) on broadband and took procedural votes to reopen two recently enacted ordinances for possible amendment. The council also voted to continue consideration of a proposed Environmental Protection Agency (EPA) loan for the city’s wastewater treatment facility until Aug. 5 and asked staff to return with a draft loan agreement and a short summary of key terms.
The council placed the consent item — Resolution 25‑36, authorizing an IGA with regional broadband user groups — on the consent agenda and approved it without discussion. Councilor Windland made the motion, Councilor Verdict seconded, and the motion passed (tally recorded by the council as 6 yes, 0 no).
Councilors then took up a staff request related to the wastewater treatment facility: a resolution (25‑37) that, if approved, would authorize city staff to execute an EPA loan instrument to help finance the project. City staff described the proposed financing strategy as a mix of utility revenues, Portland cost share payments, system development charges and public financing (municipal bonds and an EPA loan). Because the actual loan documents were not yet complete, council members repeatedly requested a draft agreement and a short, high‑level term sheet that would identify key items such as interest rate, repayment timing, prepayment or breakage penalties and other material conditions.
After extended discussion, the council continued consideration of Resolution 25‑37 to Aug. 5 and directed staff to return with the draft agreement and a summary term sheet; the motion to continue passed 6‑0. Councilors emphasized that approving the resolution now would authorize staff to finalize and execute the loan later, but several members said they wanted to see the specific terms before giving final consent to the loan itself.
The council also took procedural votes on two ordinances the body enacted at its July 1 meeting. For each ordinance (Ordinance 2958 and Ordinance 2961) the council first agreed to reconsider the July 1 enactment and then tentatively approved placing each item on the Aug. 5 meeting for possible amendment. Both reconsideration motions and both tentative approvals passed by recorded tallies of 6‑0.
What this means going forward: staff will return Aug. 5 with the EPA loan draft and term‑sheet for council review; the two ordinances will be set for possible amendment on that same Aug. 5 agenda; and the IGA with broadband user groups is approved as adopted by the council. The council did not adopt the wastewater loan documents at the July 15 meeting; council members were explicit that they want the draft loan paperwork in hand before authorizing the city manager to execute a final agreement.
Votes at a glance
- Resolution 25‑36 (IGA with broadband user groups): motion to adopt made by Councilor Windland, seconded by Councilor Verdict; outcome: approved (recorded tally 6 yes, 0 no).
- Resolution 25‑37 (authorize execution/delivery of EPA loan for wastewater treatment facility): action taken — continued to Aug. 5, 2025; council directed staff to return with the draft loan agreement and a one‑page term sheet summarizing material terms; outcome: continuation passed (recorded tally 6 yes, 0 no).
- Ordinance 2958 (reconsideration of 07/01/2025 enactment and set for Aug. 5 for potential amendment): reconsideration passed (6‑0); motion to tentatively approve and direct staff to return Aug. 5 passed (6‑0).
- Ordinance 2961 (reconsideration of 07/01/2025 enactment and set for Aug. 5 for potential amendment): reconsideration passed (6‑0); motion to tentatively approve and direct staff to return Aug. 5 passed (6‑0).
Councilors and staff emphasized that the Aug. 5 agenda will include the wastewater loan draft and the two ordinances for clearer public review and possible amendment. No final action was taken on the EPA loan at this meeting.
The council adjourned after two study sessions and other business.
