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Belgrade council authorizes $20 million water system revenue bonds
Summary
Facing debt-capacity limits, the council approved a resolution authorizing up to $20 million in water system revenue bonds (down from a proposed $30 million) to fund water storage and system improvements and preserve options for additional borrowing in 2029.
The Belgrade City Council unanimously approved a resolution authorizing the issuance and private negotiated sale of water system revenue bonds totaling $20 million to fund water storage and related improvements.
Finance staff told the council the original plan contemplated $30 million but recommended reducing the initial issuance to $20 million because of the city’s debt capacity. Staff said the bonds…
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