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Council outlines sewer projects; SRF to fund treatment facility, revenue bond to cover pumps and meters
Summary
Council heard that the State Revolving Fund would be used for the Wastewater Treatment Facility Project while a revenue bond would fund pump replacement, borrowing costs, and a meter replacement proposal; staff will continue to finalize costs and project outlines.
During the July 6 meeting the council discussed planned sewer projects and funding approaches with city staff and Rick Teed of Garden and Associates.
Staff outlined which projects would be supported under the current sewer rate schedule: the SRF (State Revolving Fund) was described as the expected funding source for the Wastewater Treatment Facility Project, while a revenue bond would be used for sewer pump replacement and repairs, associated borrowing costs, and a proposed meter replacement project. Council directed staff to continue gathering final costs and to return with project outlines.
No formal borrowing resolution or contract award was made at the meeting; discussion focused on sequencing projects and confirming that the existing rate structure can cover portions of the work once final costs are known.
