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Commissioners authorize short-term credit, contract modifications and early construction steps for 1 Water South program
Summary
Hillsborough County approved a revolving credit facility and modifications to major contracts for the 1 Water South wastewater and conveyance project, approving short-term financing and contract increases to begin early construction and long-lead procurement.
The Hillsborough County Board of County Commissioners on Dec. 17 approved financing instruments and contract modifications to advance the county's 1 Water South wastewater conveyance and treatment program.
Management and Budget Director Kevin Brickey asked the board to authorize a subordinate utility revenue note series 2025 and a revolving credit agreement with Bank of America, non?exceeding $400 million at any point and $1.5 billion aggregate, to provide…
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