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West Fargo authorizes $8.5M and $2.7M PFA revenue bonds for public works expansion
Summary
The commission approved two separate resolutions authorizing sale of revenue bonds to the North Dakota PFA: $8.5 million for wastewater treatment (Series 2025C) and $2.7 million for the public works facility (Series 2025D). Both reported 1.5% interest plus a 0.5% administrative fee with 30‑year maturities.
City Attorney Katie Schmidt presented two separate resolutions authorizing the issuance and sale of revenue bonds to the North Dakota PFA to fund public works expansion projects. The commission first approved a wastewater treatment revenue bond (Series 2025C) for $8.5 million and then a water treatment/public works revenue bond (Series 2025D) for $2.7 million. Schmidt said both financings carry an interest rate of 1.5% plus a 0.5% administrative fee and a 30‑year maturity.
Separate motions were requested and recorded for each series, and commissioners approved both measures by voice vote. Schmidt remained available to answer legal questions about the resolutions.
