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Sumner council delegates authority to issue up to $14M in bonds for biosolids dryer replacement
Summary
Council adopted an ordinance delegating authority to issue up to $14 million in water/sewer revenue bonds to fund a biosolids modernization project at the joint Sumner–Bonney Lake treatment facility; total project cost is roughly $26.8 million with Bonney Lake paying 54% and Sumner’s estimated share about $12.3 million.
Sumner City Council on Nov. 3 adopted Ordinance 2946 delegating authority to issue water and sewer revenue bonds, not to exceed $14,000,000 in aggregate principal, to fund the replacement of the dryer used to produce Class A biosolids at the joint Sumner–Bonney Lake wastewater facility.
Cassandra Raymond, chief financial officer, said the project’s total estimated cost is roughly $26,800,000; the interlocal…
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