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Stormwater utility fund moves forward with expected revenue and planned borrowing for major capital projects
2434646 · February 27, 2025
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Summary
Staff summarized the stormwater utility’s first full year of collections, said the fund is tracking to projected revenue, and noted staff will seek revenue bonds to finance larger multi‑million‑dollar projects listed in the CIP.
Staff presented the stormwater utility fund standing and related borrowing plans. The city collects the stormwater fee separately and uses that revenue to fund stormwater projects and debt service for bonds tied to the fund.
Staff reported stormwater-fee collections of about $3.8 million, roughly aligning with projections for the fund’s first full…
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