Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Infrastructure Finance topic
No spam. Unsubscribe anytime.
Council takes first reading of sewer revenue bonds ordinance to finance system upgrades
Summary
On first reading, the Town of Nutter Fort accepted Ordinance 2024-09 authorizing up to $4 million in sewer revenue bonds through the West Virginia SRF program to fund sewerage improvements; the measure will return for further readings.
Council accepted the first reading of Ordinance 2024-09, which authorizes the town to issue sewer revenue bonds for improvements to the public sewerage system. The ordinance text cited up to $1,500,000 in Series 2024A sewer revenue bonds (West Virginia SRF program) and up to $2,500,000 in Series 2024B (SRF program/forgivable), and delegates execution of related documents and sale procedures to town officials.
Councilor Charlene Louk moved to accept the first reading; Councilor Karen Phillips seconded the motion and the council approved it unanimously. As a first reading, the ordinance requires subsequent readings or procedural steps before final adoption and any bond sale. The council did not record a final financing decision at the Aug. 13 meeting.
