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Belgrade authorizes up to $20 million in water system revenue bonds to begin storage and reliability work
Summary
Council authorized a privately negotiated sale of up to $20 million in water system revenue bonds, reduced from an earlier $30 million plan; staff said roughly $5.2 million will reimburse a land purchase and about $15 million will start design and initial work while other funding options are explored.
The Belgrade City Council adopted Resolution 2025‑29 authorizing issuance of water system revenue bonds via a privately negotiated sale, with staff reporting the bond amount was pared back to $20,000,000 from an earlier $30,000,000 plan to remain within the city's debt capacity.
Staff said bond proceeds would repay $5.2 million used to purchase land and provide roughly $15 million to begin design…
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