0685-24
Subject: Communication sponsored by Alder McCarthy, on behalf of the Waterworks Commission, regarding a resolution authorizing the Issuance and Sale of Up to $959,615 Taxable Waterworks System Revenue Bonds, Series 2024B, and Providing for Other Details and Covenants With Respect Thereto. Recommendation of the Waterworks Commission on 09/17/24: To Approve with a Referral to the Finance and Personnel Committee. Recommendation of the Finance and Personnel Committee on 09-23-2024: To approve a resolution authorizing the Issuance and Sale of Up to $959,615 Taxable Waterworks System Revenue Bonds, Series 2024B, and Providing for Other Details and Covenants With Respect Thereto. Fiscal Note: Financial assistance agreement funded through the state Safe Drinking Water Loan Program is in the amount of $3,275,000.00 with a loan term of 20 years at a 0.25% interest rate. The loan total is offset by $2,305,625.00 in principal forgiveness.
- Committee
- Finance and Personnel Committee
- Introduced
- August 8, 2024
- On agenda
- October 15, 2024
- Passed
- October 15, 2024
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