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Commission hears plan for two $8 million interceptor projects; staff says grants or phased financing needed
Summary
Staff told the commission the wastewater utility faces two interceptor projects each estimated at roughly $8 million; those costs are not currently covered by the fund and staff is pursuing grant funding or phased financing to manage debt service impacts.
During the review of the wastewater utility fund, staff identified two large interceptor projects with estimated costs of roughly $8,000,000 apiece that are not currently fundable within the existing wastewater budget. Staff described the need to consider temporary financing or to time additions after existing debt obligations have been paid down.
Staff said they removed some large CIP items from the near‑term wastewater budget pending grant funding and said they will continue to seek grants to offset cash spending. Commissioners were warned any large new debt could significantly reduce the wastewater fund balance once payments come due.
