Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Water Infrastructure topic
No spam. Unsubscribe anytime.
Newaygo council adopts ordinance authorizing additional water system bonds
Summary
The council approved Ordinance 2024-03 to authorize issuance of additional Water Supply System Junior Lien Revenue Bonds. City Manager Schneider said bids for related service line and Wood Street water projects came in lower than expected, which may affect funding allocations.
The Newaygo City Council voted on July 8 to approve Ordinance 2024-03, which amends city ordinances to authorize issuance of additional Water Supply System Junior Lien Revenue Bonds.
The motion (by Black, second by Burns) passed on a roll call vote: Black, Burns, DeVries, Fedell, Golliver and Walerczyk voted yes; Engemann was absent. City Manager Schneider told the council that bids for the service line and Wood Street water projects came in lower than anticipated, noting the variance as context for overall water system budgeting.
The minutes do not list bond amounts, bond counsel, or a timeline for bond issuance. Council discussion in the minutes focused on the ordinance approval and the coincident lower-than-anticipated construction bids for some water-related projects.
Next steps: The ordinance authorizes the city to proceed with the bond issuance process as needed; specific issuance details were not recorded in the minutes.
