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Council authorizes up to $4.048 million in SRF notes for sewer revenue capital loan to complete RWF expansion
3524205 · May 27, 2025
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Summary
A resolution to authorize issuance of taxable sewer revenue capital loan notes not to exceed $4,048,000 passed; council discussion tied the financing to a regional wastewater facility expansion and an industrial waste agreement with ADM.
The Clinton City Council on May 27 adopted a resolution instituting proceedings to authorize a loan and disbursement agreement and issuance of taxable sewer revenue capital loan notes not to exceed $4,048,000.
Council member Davis told colleagues the borrowing…
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