0695-24
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. Recommendation of the Finance and Personnel Committee on 08-12-2024: 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
- August 9, 2024
- On agenda
- August 20, 2024
- Passed
- August 20, 2024
Watch Racine
Say what matters to you — a street, a company, a subject — and we will email you when Racine files something about it.
Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.