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Hinckley holds public hearing on up to $1.5 million wastewater revenue bonds; no public comment
Summary
At a July 2 public hearing, Hinckley officials outlined a proposed financing package — including up to $1.5 million in wastewater revenue bonds — to fund lagoon and system upgrades and summarized prior Clean Water State Revolving Fund awards; no members of the public spoke.
The Hinckley Town Council held a public hearing on July 2 to receive input on issuing up to $1,500,000 in wastewater revenue bonds to finance wastewater system and lagoon improvements.
Council Member Kristi Townsend summarized assistance the town previously secured in October 2025 from the Water Quality Board and the Clean Water State Revolving Fund: forgiveness of a $267,000 design advance as a hardship grant upon loan closing; a $961,000 loan at 1.33% for up to 30 years; $750,000 in principal forgiveness for lagoon construction; and a $113,000 hardship construction grant for engineering management. Townsend said special conditions include annual participation in the Municipal Wastewater Planning Program, completion of a water conservation/management plan, and implementation of an asset management plan or useful‑life certification.
The council opened and closed the hearing (the hearing was opened at 7:05 PM and closed at 7:07 PM) and no members of the public offered comments. The council did not take any additional action during the hearing segment; subsequent procedural steps on bond issuance were not detailed during the meeting.
