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Topeka moves to reassign bond proceeds, authorize KDHE loan for lead service line work
Summary
Council approved resolutions to reassign unspent bond proceeds and to authorize KDHE loan documents that would support up to about $11 million in combined utility revenue bonds and a KDHE loan for lead service-line replacements; staff said roughly 52% of that principal is expected to be forgiven under the KDHE terms.
The Topeka City Council approved a package of actions to reassign unspent bond proceeds and to authorize documents needed to accept a KDHE drinking-water loan aimed at replacing lead and eligible galvanized service lines.
Josh McInarney, budget and finance division director, told the governing body the item before them was largely procedural: staff proposed reallocating previously authorized, unspent bond proceeds to cover several utility projects rather…
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