Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council backs interim financing resolution for East County Advanced Water Purification JPA
Summary
Council approved a staff resolution to provide information for a nearly $400 million interim note issuance for the East County Advanced Water Purification JPA to bridge construction costs until State Revolving Fund reimbursements arrive; council noted long-term water-supply and cost-saving benefits and voted unanimously.
The city attorney summarized a request from the East County Advanced Water Purification Joint Powers Authority (JPA) for member action to support interim financing of the purification project. Staff said the JPA negotiated three-year interim notes of nearly $400 million to pay contractors during construction; the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
