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Cambridge council advances financing plan for Trenton Street pump station; official intent to reimburse adopted
Summary
At first reading the council reviewed an ordinance authorizing up to $6.86 million in bonds to finance the Trenton Street Sewage Pumping Station rehabilitation; the council also adopted a resolution declaring its intent to reimburse project costs with tax‑exempt debt and staff said construction is scheduled to begin the week of May 18.
The Cambridge City Council on May 11 reviewed an ordinance that would let the city issue general obligation bonds—up to $6,863,400—to finance the Trenton Street Sewage Pumping Station rehabilitation.
City Attorney Patrick Thomas read Ordinance No. 1271 at first reading, and bond counsel Lindsey A. Rader of Funk & Bolton, P.A., provided an agenda report explaining the proposed structure, which includes the option to issue refunding bonds with limits described in the ordinance. City Manager Glenn Steckman provided project background and staff answered council members’ questions. The ordinance will return for a second reading on June 8, 2026.
At the same meeting the council adopted Resolution No. 26-05, declaring the commissioners’ official intent to reimburse a portion of project expenditures from the proceeds of tax-exempt debt. The resolution was approved on a 5-0 vote after a motion by Commissioner Frank Stout and a second by Commissioner Brett Summers.
Steckman told the council that construction on the Trenton Street Pump Station is scheduled to begin the week of May 18 and that staff had discussed holding a groundbreaking ceremony. The minutes note that staff and bond counsel answered council questions about financing terms and the administration’s role; details such as final sale timing, interest rate, and debt-service schedule will be set later and are not specified in the minutes.
The ordinance text references the Maryland Water Infrastructure Financing Administration as a potential purchaser and allows for private sale to that administration without public bidding; the measure would pledge the city’s full faith and credit and authorize ad valorem taxation if needed to pay issued obligations. The council did not take a final vote on Ordinance No. 1271 at this meeting.
Next steps: second reading and public notice are scheduled for June 8, 2026, after which the council could adopt the ordinance and staff would finalize financing details.
