0644-24
Subject: Communication sponsored by Alder McCarthy, on behalf of the Racine Waterworks Utility Director, requesting a resolution authorizing the Issuance and sale of up to $19,675,190 Waterworks System Revenue Bonds, Series 2024, and Providing for Other Details and Covenants with Respect Thereto. Recommendation of the Waterworks Commission on 07/16/2024: To Approve with a Referral to the Finance & Personnel Committee. Staff Recommendation: That the Racine Waterworks Utility Directors request for a resolution authorizing the Issuance and sale of up to $19,675,190 Waterworks System Revenue Bonds, Series 2024, and Providing for Other Details and Covenants with Respect Thereto be approved. Fiscal Note: Financial Assistance Agreement funded through the state Safe Drinking Water Loan Program is in the amount of $19,675,190.00, with a loan term of 20 years at a 2.365% rate
- Committee
- Finance and Personnel Committee
- Introduced
- July 30, 2024
- Passed
- June 6, 2025
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