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| August 13, 2026 City Council Regular Meeting | |
| Title 60. Resolution Authorizing the Issuance of Water and Sewer Revenue Bonds, Series 2026, in the Approximate Amount of $142.4 Million. (Financial Services Department) | |
| Strategic Priority GOAL 4: Develop World Class Livable Environment & Infrastructure | |
| Description A resolution to authorize the issuance of Series 2026 Water and Sewer Revenue Bonds in the approximate amount of $142.4 million for the purpose of funding water and sewer infrastructure improvements as detailed in the City's capital improvement plan, refinancing the outstanding portion of the 2014 Series Water and Sewer Bonds, and paying the issuance costs of the 2026 bonds. Competitive bids for the bonds are scheduled to be received on the morning of August 13, 2026. The exact bond amount will not be known until the bonds are sold on the morning of August 13, 2026. The exact amount of the bond to be issued will be reported to City Council at the meeting. | |
| Recommendation Approval. | |
| Contact David Maxwell, Senior Director of Financial Services | |
| Financial Impact Approximate annual debt service of $8.6 million. | |
| Review Comments | |
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Attachments Exhibit 1: Supplemental Bond Resolution (DRAFT).pdf |
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