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Council Publishes Notice of Intent for Potential Revenue Bonds for Lead Service-line Work
Summary
The council approved a statutory notice of intent related to potential revenue-bond financing for lead service-line replacement and compliance with the lead and copper rule; the action is a procedural step required under state law and does not itself authorize a bond sale.
The Topeka City Council on Oct. 21 authorized publication of a statutory notice of intent that the city may issue revenue bonds to finance lead service-line replacement and related water-system improvements.
Budget and finance staff explained the action is a notice required by Kansas law before revenue bonds may be issued for water-system projects. The council's vote was a procedural step; staff said the item had been reviewed previously by the public-works…
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