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Council accepts first reading of ordinance to authorize up to $4 million in sewer revenue bonds
Summary
On first reading, the council accepted Ordinance 2024‑09 to authorize up to $1.5 million (Series 2024A) and up to $2.5 million (Series 2024B, forgivable) in sewer revenue bonds through the West Virginia SRF program to finance sewer system improvements.
The Town of Nutter Fort accepted the first reading of Ordinance 2024‑09 on Aug. 13, which would authorize the issuance of up to $1,500,000 in Sewer Revenue Bonds, Series 2024A, and up to $2,500,000 in Sewer Revenue Bonds, Series 2024B (part of which may be forgivable) under the West Virginia State Revolving Fund program to finance extensions and improvements to the town’s public sewerage system.
Councilor Charlene Louk moved to accept the ordinance on first reading and Councilor Karen Phillips seconded; the motion carried unanimously. The ordinance text covers bond terms, security and execution documents and authorizes the mayor and staff to complete required documents; further readings or formal bond sale steps were not recorded at this meeting.
