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Lacey council approves ULID 25 bond to reimburse Ptomey Estate sewer work
City of Lacey City Council · March 4, 2026
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Summary
Council unanimously adopted Ordinance 1696 on March 3 authorizing a $224,060.45 ULID bond at 4.4% for 15 years, sold internally to the LID Debt Fund to reimburse the wastewater capital fund for the Ptomey Estate sewer project.
Acting Financial Services Manager Chelsea Knight told the City Council that Ordinance 1696 would authorize issuance of a ULID 25 bond in the amount of $224,060.45 at a 4.4% interest rate over 15 years to reimburse the wastewater capital…
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