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Clinton council authorizes up to $12 million loan authorization to finish wastewater plant work
Summary
Council set in motion authorization to issue taxable general‑obligation loan notes not to exceed $12 million to complete commissioning and remaining work at the wastewater treatment plant; staff said draws are expected to total roughly $7.9 million to about $10 million and debt will be repaid through utility rates.
The Clinton City Council moved to authorize proceedings for the issuance of taxable general‑obligation capital loan notes not to exceed $12,000,000 for work on the city wastewater treatment plant. The measure, introduced during a public hearing, directs staff to proceed with the State Revolving Fund loan process and permits the city to draw funds as needed rather than receive the full amount up front.
Finance and operations staff told the council the project has experienced unplanned setbacks this year, including…
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