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Spring Hill advances Pure Water Spring Hill project; board backs interim land purchase and directs bond strategy resolution
Summary
City staff outlined the Pure Water Spring Hill initiative, including scope, funding and implementation; the Board supported purchasing property from the Fitts Family Trust as an interim solution and directed Cumberland Securities to prepare a bonding resolution for consideration at the next regular meeting.
Dan Allen, Assistant City Administrator and General Manager of Utilities, presented the Pure Water Spring Hill capital initiative at the Board’s March 30 special called work session, describing project scope, funding structure and expected water-quality benefits.
Rebecca Holden, Finance Director, reviewed the city’s utility rate structure and revenue projections and discussed long-term sustainability considerations tied to the project. The Board asked detailed questions about funding mechanisms, contingency planning and staffing capacity.
The Board expressed support for purchasing property from the Fitts Family Trust as an interim site for the project while staff pursue a permanent solution. Members discussed opportunities and risks associated with the proposed project scope. Dan Allen said two additional positions are anticipated within the next year to help implement the program.
John Werner of Cumberland Securities presented a bonding strategy to finance the water projects. After questions from BOMA, the Board directed Mr. Werner to prepare a resolution outlining the proposed bond approach for consideration at the next regularly scheduled Board meeting.
Mayor Matt Fitterer said the utilities department operates as a self-funded enterprise and can adjust rates as needed to support projects, and he noted the State may require adjustments if necessary. The Board did not take final action at the work session; staff were directed to return with draft resolutions at the next regular meeting.
