Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hayward council authorizes up to $135 million in wastewater revenue bonds to fund plant upgrades
Summary
Council voted unanimously to authorize the issuance of 2025 wastewater revenue bonds, part of a financing plan to pay for an estimated $498 million of improvements at the city's Water Resources Recovery Facility, staff and consultants said.
Hayward City Council on Feb. 25 authorized city staff to issue 2025 wastewater revenue bonds with a not-to-exceed par amount of $135,000,000 to help finance major upgrades at the city's Water Resources Recovery Facility.
City staff said the projects are necessary to meet newly adopted nutrient-reduction requirements and will be financed through a mix of WIFIA loan proceeds, the 2025 bonds, and a planned 2027 bond series. The council approved the bond authorization unanimously.
The council heard a presentation from Christian Sprunger, vice president of NHA Advisors, who described the 2025 bonds as funding roughly 26% of the total project costs. "Tonight's item is specific to the ... 2025…
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
