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Sioux Falls council approves up to $32.76 million wastewater revenue bond for plant upgrades
Summary
On second reading the council approved a wastewater system revenue bond not to exceed $32,761,000 to fund biosolids dewatering, storage, equipment replacement and other capital improvements; staff said the loan terms are 3.5% for 20 years and construction is expected to finish in 2028.
The Sioux Falls City Council voted unanimously to authorize a wastewater system revenue bond of up to $32,761,000 to fund a package of capital improvements at the city’s wastewater treatment facilities.
Ryan Johnson of Sioux Falls Public Works told councilors the projects were identified in the city’s facility master plan and advanced through a prior facility plan and State Revolving…
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