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Greeley board backs $50 million water and $50 million sewer bond proposals, recommending council approval
Summary
The Greeley Water and Sewer Board voted to recommend City Council approval of two $50 million revenue bond resolutions — one for water system improvements and one for sewer plant upgrades — citing multi-project needs and manageable debt service using existing rates.
The Greeley Water and Sewer Board on April 15 voted unanimously to recommend that City Council approve two revenue bond resolutions: a $50 million water bond and a separate $50 million sewer bond.
Finance staff summarized the water bond as 20-year debt callable after 10 years, with current pricing roughly 4.6 percent and estimated annual debt payments of about $4.1 million. The water package includes $13 million for water acquisitions, $8 million for distribution…
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