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Council approves sewer revenue bond ordinance to fund sewer improvements
Summary
The council approved an ordinance authorizing sewer system improvements financed by up to $1.5 million in Series 2024 A bonds and up to $2.5 million in Series 2024 B (WV SRF program). The measure passed unanimously on third reading.
The Town of Nutter Fort council approved an ordinance on third reading authorizing extensions, additions and improvements to the town's public sewerage system and financing through Sewer Revenue Bonds.
The ordinance authorizes issuance of not more than $1,500,000 in original aggregate principal amount of Sewer Revenue Bonds, Series 2024 A, and not more than $2,500,000 in original aggregate principal amount of Sewer Revenue Bonds, Series 2024 B (West Virginia SRF program/forgivable). Councilor Rick Lafferty moved to approve the ordinance and Councilor Charlene Louk seconded; the motion carried by unanimous vote.
Mayor Sam Maxson presided over the vote. The transcript records the ordinance text and the unanimous approval but does not specify a final ordinance number in the item text; the record lists the ordinance by its full title and the bond amounts above.
