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Edmond council approves package of water, wastewater and sewer financing; staff says projects were planned in rate plan
Summary
The Edmond City Council on Aug. 26 approved multiple loan resolutions and ratified Public Works Authority actions to pursue state revolving fund and other financing for a multi-project water and wastewater program; staff said projects are part of the existing rate plan and recently bid work came in below earlier estimates.
Edmond City Council on Aug. 26 approved a package of financing authorizations and resolutions designed to fund a slate of water and wastewater projects, including state revolving fund loans and applications to the Oklahoma Water Resources Board.
City public works staff described a multi-project program that includes a $54 million Drinking Water State Revolving Fund (SRF) loan, the Chisholm Creek force main and Spring Creek interceptor projects, and a combined-financing package that includes the Tango 2 project and other system improvements. Chris Nifing, who briefed the council, said the projects are included in the water/wastewater rate plan adopted last September and noted the city is seeking to time financing to secure favorable interest rates and state assistance.
"This is not something different, not…
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