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Council advances $30 million SRF revenue bond for sewer upgrades; $16.05 surcharge adopted
City of Aberdeen City Council · February 24, 2026
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Summary
Council approved ordinances to issue a $30,000,000, 30-year Clean Water Revolving Fund revenue bond at 3.75% for sewer system improvements and adopted a rate ordinance implementing an SRF surcharge estimated at $16.05 as shown in the rate study.
City staff told the Aberdeen City Council that the city plans to finance sewer system improvements with a $30,000,000, 30-year Clean Water Revolving Fund (SRF) revenue bond at 3.75% interest.
Jordan (city clerk) and staff explained the financing terms and said a 110% debt-coverage requirement…
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