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Council hears first reading of bond ordinance to replace lead water service lines
Summary
At first reading, Council considered an ordinance to issue a guaranteed revenue bond of up to $756,132 to fund replacement of lead service lines; city staff said the total project cost is about $1.7 million with $953,000 expected from grants and the loan portion at roughly 1% for 30 years.
Lancaster City Council held the first reading of Administration Bill 13-20-25 on Nov. 11, an ordinance that would increase the city’s indebtedness through the issuance of a guaranteed revenue bond with a maximum principal amount of $756,132 to replace lead water service lines.
City Council members discussed…
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