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Commissioners approve up to $650 million utility revenue note for South County water campus
Summary
The Board of County Commissioners adopted a resolution authorizing issuance of a utility revenue note not to exceed $650,000,000 to finance acquisition, construction, expansion and equipping of capital improvement projects for the county's utility system, prioritizing a South County water campus.
The Board of County Commissioners adopted a resolution authorizing the issuance of a utility revenue note not to exceed $650,000,000 to finance acquisition, construction, expansion, replacement and/or equipping of various capital improvement projects to the county's utility system, including a South County water campus project.
"Commissioners adopted a resolution for the issuance of a utility revenue note not to exceed $650,000,000 to finance the acquisition, construction, expansion, replacement, and or equipping of various capital improvement projects to the county's utility system, specifically the 1 water campus project located in South County," Katie with Hillsborough County Communications and Digital Media said, describing the board action. The county said the program aims to improve drinking water supply and pressure in South County using upgraded facilities.
The communications recap did not include a vote tally or funding schedule for the note; staff did not provide bond terms, interest assumptions or the proposed repayment source in the briefing.
