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San Luis approves WIFA loan resolution for West Wastewater Treatment Plant expansion
Summary
The San Luis City Council voted to authorize a loan agreement with the Water Infrastructure Finance Authority of Arizona to support the West Wastewater Treatment Plant expansion, with a proposed loan of roughly $26.2 million and a $1.5 million forgivable principal component.
The San Luis City Council voted to adopt a resolution authorizing the city to enter into a loan agreement with the Water Infrastructure Finance Authority of Arizona (WIFA) to finance the expansion of the West Wastewater Treatment Plant.
Mark Reeder, managing director with Stifel, Nicholas & Company, presented the financing plan and reported the proposed loan amount of approximately $26,226,000 and that negotiations secured a…
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