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Hillsborough commissioners approve interim financing and major contract increases to advance 1 Water campus
Summary
The county approved a subordinate revenue note resolution with a revolving line of credit up to $400 million and endorsed roughly $2 billion in Water Resources investments — including contract increases for design‑build and engineering partners — to advance the 1 Water campus serving fast‑growing areas.
Hillsborough County commissioners on Dec. 17 authorized interim financing and approved large contract modifications to advance the 1 Water campus, a multi‑billion‑dollar initiative that county officials say is needed to meet rapid population growth.
Demorris, a communications staffer with Hillsborough County, said the board adopted a resolution authorizing a subordinate utility revenue note, Series 2025, that establishes a revolving line of credit of up to $400 million outstanding and aggregate advances up to $1.5 billion to support capital improvements for the county utility system, including the 1 Water…
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