Talbot County approves administrative resolution for up to $7.02 million in MWIFA bonds for wastewater projects
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Summary
The council approved an administrative resolution authorizing up to $7,018,942 in general obligation MWIFA project bonds to finance or refinance wastewater and sanitary-district facilities. Staff said the bonds are reimbursable, MDE (MDE/MWIFA) will review invoices and funds are expected by November.
Talbot County Council on Oct. 20 introduced and approved an administrative resolution authorizing the issuance and private sale of Talbot County general obligation bonds, designated "MWIFA Project Series 2025," in a principal amount not to exceed $7,018,942. The bonds are intended to finance or refinance wastewater and sanitary district facilities.
Martha Sparks, director of finance, and Ray Clark, county engineer, briefed the council. Sparks described the bonds as reimbursable; the Maryland Department of the Environment (MDE) must approve invoices charged to the bond. Sparks said closing was scheduled for mid-August steps (per staff sequence), and staff expect to receive funds by November (as discussed). Jean Wiesman was credited for coordinating invoice review and related reimbursement work.
The resolution cites enabling state and local authority and the MWIFA (Maryland Water Infrastructure Financing Administration) statute provisions read into the record. Council members praised the work and approved the administrative resolution by roll call.
Outcome: Administrative resolution approved by roll call; staff will proceed with closing and MDE reimbursement process.
Next steps: Staff to complete closing documents and proceed to private sale/closing; MDE to review invoices for reimbursement per program rules.