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Nutter Fort council adopts sewer revenue bond ordinance to fund sewer system improvements

Town of Nutter Fort Council · October 29, 2024
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Summary

The Town of Nutter Fort approved an ordinance authorizing up to $1.5 million in Series 2024 A and $2.5 million in Series 2024 B sewer revenue bonds for sewer system extensions and improvements; the ordinance passed unanimously on third reading.

The Town of Nutter Fort Council on Oct. 29 adopted an ordinance authorizing the acquisition and construction of extensions, additions and improvements to the town's public sewerage system and approving the issuance of sewer revenue bonds. The ordinance authorizes up to $1,500,000 in original aggregate principal for Series 2024 A and up to $2,500,000 for Series 2024 B under the West Virginia SRF program; the council record shows the measure passed by unanimous vote after Councilor Rick Lafferty moved to approve and Councilor Charlene Louk seconded.

The ordinance was considered on third reading following a public hearing that drew no public comment. The full ordinance title in the record describes bond sale documentation, a bond purchase agreement and provisions for registered owners; the meeting record notes an inconsistency in numbering (introduced as Ordinance 2024-09, later referenced as Ordinance 2024-07) that the council did not discuss further. The record shows the council approved the financing package and related documentation at the special meeting.