Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Sewer Bonds topic
No spam. Unsubscribe anytime.
Nutter Fort approves sewerage-system improvements financed by 2024 revenue bonds
Summary
On Oct. 29, 2024, the Nutter Fort Town Council approved an ordinance on third reading authorizing sewer system improvements to be financed through Series 2024 sewer revenue bonds, including a forgivable component under the West Virginia SRF program; the vote was unanimous.
The Nutter Fort Town Council voted unanimously on Oct. 29 to approve an ordinance on third reading authorizing acquisition and construction of extensions, additions and improvements to the town's public sewerage system and to finance the work through sewer revenue bonds. The financing structure described in the meeting record included two series: Series 2024A (up to $1,500,000) and Series 2024B (up to $2,500,000), with Series 2024B described as including a forgivable portion under the West Virginia State Revolving Fund (SRF) program.
Councilor Rick Lafferty moved to approve the ordinance and Councilor Charlene Louk seconded; the minutes record the motion passing by unanimous vote. The public hearing on the funding assistance associated with the proposed ordinance was opened and closed at 6:32 p.m. with no public comment. The council's recorded action completes the third-reading step required by local ordinance for adoption.
Why it matters: the bond authorization provides the town a path to secure SRF program funds and to borrow for targeted sewer system projects; the minutes indicate the measure includes both a traditional revenue-bond series and a forgivable-series component tied to the state SRF program, which may reduce the town's net borrowing cost. The minutes do not specify project-by-project allocations or an implementation schedule; follow-up documents or staff reports would be needed for those details.
What the record shows: the meeting minutes describe the ordinance's title and financing parameters and record the unanimous approval after the stated motion and second. The minutes list Mayor Sam Maxson and six council members (Rick Lafferty, Charlene Louk, Emily Lamm, Bryan Gonzalez and Karen Phillips) as present; Recorder Natalie Haddix is listed as absent.
