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BGMU outlines interim financing plan for water and sewer projects; commission approves authorization
Summary
BGMU officials described bond anticipation notes to finance three water and wastewater projects, citing aging infrastructure and post-COVID construction cost increases; commissioners approved the authorization to begin interim borrowing steps.
Representatives of Bowling Green Municipal Utilities (BGMU) told the Board of Commissioners on Nov. 4 that the utility needs interim financing to start design and early construction on three water and wastewater projects.
Mark Iverson of BGMU said parts of the water-treatment infrastructure date to 1928 and that construction costs have risen significantly since the pandemic. He…
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