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Breckenridge approves $1.72M certificates and $4M grant for water repairs after December leaks
Summary
The City of Breckenridge authorized $1.72 million in certificates of obligation, approved a $4,003,900 grant and created construction accounts to fund water-system repairs after a December series of leaks prompted a local emergency declaration.
The City of Breckenridge on Tuesday authorized the issuance of Combination Tax & Surplus Revenue Certificates of Obligation, Series 2026, in a principal amount of $1,720,000 and approved a separate $4,003,900 grant agreement to fund water-system improvements.
City staff told commissioners the measures will pay for immediate and planned water and wastewater projects after an event in December that included three main leaks, two of them attributed to contractor hits. “We had three main water leaks… the water leaks were actually repaired in [about] 12 hours,” the City Manager said in a staff recap, adding that repairs on one valve were completed at about 2:16 a.m. and that staff fielded…
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