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Council previews combined bond timing for Justice Center and wastewater projects
Summary
Staff told council they plan to consider a February bond issuance that could combine Justice Center and wastewater needs to reduce issuance costs; reimbursement resolutions may be required for projects already in construction.
City staff presented wastewater project costs and a possible plan to issue new debt in February 2026 covering both the Justice Center and several wastewater projects to avoid duplicate issuance costs.
Alberta Barrett outlined a wastewater portfolio that includes the Southeast Loop interceptor (W W 10), Brushy Creek phase 4 (W W 11), and Avery Lake interceptor phases. Staff said some projects were already in construction and would require reimbursement resolutions if the bond timing is pushed to February so the city could pay earlier project costs and then reimburse them from the combined issuance.
Councilors discussed developer participation and possible reimbursements through TIRs and data‑center revenues, emphasizing the need to lock agreements so future reimbursement expectations are enforceable.
