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Greeley authorizes $50M water bonds and $50M sewer bonds to fund infrastructure projects
Summary
The council authorized two enterprise bond issuances—$50 million for water improvements and $50 million for sewer improvements—with staff citing project lists, a 20-year amortization and repayment from utility rates; both ordinances passed 6–0.
On April 21 the Greeley City Council adopted ordinances authorizing up to $50 million in Water Revenue Bonds and up to $50 million in Sewer Improvement Revenue Bonds.
Water staff said bond proceeds will fund purchases of water rights, transmission and distribution upgrades, storage rehabilitation and infrastructure to access the Cherry Ranch Aquifer. Robert Miller said the water issuance would…
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