Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Sewer Bonds topic
No spam. Unsubscribe anytime.
Nutter Fort accepts first reading of sewer revenue bond ordinance to fund sewer upgrades
Summary
On first reading, council accepted Ordinance 2024‑09 authorizing up to $1.5M (Series A) and up to $2.5M (Series B, forgivable) in sewer revenue bonds through the West Virginia SRF program to finance sewer system extensions and improvements.
The Town of Nutter Fort held the first reading Aug. 13 of Ordinance 2024‑09, which would authorize issuance of up to $1,500,000 in Sewer Revenue Bonds, Series 2024 A, and up to $2,500,000 in Sewer Revenue Bonds, Series 2024 B (West Virginia SRF Program/forgivable), to finance extensions and improvements to the town’s public sewerage system.
Councilor Charlene Louk moved to accept the first reading and Councilor Karen Phillips seconded; the motion carried by unanimous vote. The ordinance text included provisions covering bond sale mechanics, security for registered owners and authorization to execute related documents; council took no additional votes on terms at this meeting, which constitutes a procedural first reading only.
