Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Thornton staff seeks council OK to advance water revenue bonds, plans refunding of TDA bonds
Summary
Finance director presented proposals to prepare water revenue bonds tied to PFAS mitigation and to refinance TDA bonds issued in 2015; council voiced questions about long-term rate impacts and asked staff to proceed to bring ordinances and parameters to future meetings.
Thornton’s finance director briefed the City Council on April 1 about plans to seek authorization to prepare water revenue bonds tied to the Thornton Water Project and to refund tax increment (TDA) bonds issued in 2015.
Finance Director Kim Newhart described the water-related borrowing as primarily intended to fund PFAS mitigation and other Thornton Water Project needs. Newhart told the council staff’s current estimate for PFAS-related costs is about $250,000,000 and that would result in an annual commitment to the city of roughly $16,000,000 (as stated during the session). Newhart said staff plans…
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
