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Alma City approves notice of intent to issue bonds for wastewater plant upgrades—up to $40M
Summary
The Alma City Commission approved publishing a notice of intent to issue revenue bonds (up to $40 million) and related capital bonds to reimburse expenditures for wastewater treatment plant upgrades; staff said the city has already secured about $20.5 million in State Revolving Fund support and will seek bids before finalizing financing.
The Alma City Commission on a voice vote approved a resolution authorizing publication of a notice of intent to issue bonds to reimburse project expenditures for upgrades at the city wastewater treatment plant.
City Manager Eric told commissioners the city has received about $20.5 million in state revolving fund (SRF) funding to date and that the notice preserves the timeline necessary for SRF requirements and to receive bids. "Currently, as we as the board knows, we've…
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