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Committee discusses SRF, USDA and bonding options to fund long-term water infrastructure
Summary
Staff outlined long-term water infrastructure financing options — SRF loans, USDA loans, interim financing and potential bonding — and said the district aims to secure funds next year to complete the creek project.
Staff told the committee the district is continuing work on a long-term water infrastructure strategy that includes loan financing, bonding and grants. "So it's been a real, a real challenging effort with some with some of the federal government, you know, shutdown issues now," the committee member said, and staff emphasized that an SRF loan, USDA financing or bonding are among the financing pathways being pursued to fund the creek project.
Committee members and staff discussed timing and the goal of securing a loan or other financing next year so the creek project can proceed. The presentation positioned the financing strategy as central to completing the capital work and noted staff will continue to report progress and options to the board.
