Englewood board recommends $3 million sewer‑to‑stormwater loan as temporary bridge until $8M Mile High Flood transfer

The Englewood Water and Sewer Board voted Jan. 13 to recommend that City Council approve a $3,000,000 interfund loan from the sewer enterprise fund to the storm drainage (stormwater) enterprise fund to cover near‑term obligations and operations while staff pursues a planned reimbursement from Mile High Flood District.

City staff said the stormwater fund faces immediate cash‑flow pressure after large final invoices and retainage were paid late in the year for capital work including the South Englewood flood reduction project and Old Hampton Utilities stormwater work. Sarah (finance) told the board that, after those payments and with December revenue not yet posted, the stormwater fund balance was about $300,000 (she said it should appear closer to $600,000 once December revenue is booked) while outstanding obligations and debt service totaled about $2.6 million.…