Subject: Communication sponsored by Alder McCarthy, Regarding a Resolution Authorizing the Issuance and Sale of Up to $10,450,921 Wastewater Utility Revenue Bonds, Series 2024, and Providing for Other Details and Covenants With Respect Thereto, and approval of related $12,550,921 Financial Assistance Agreement Recommendation of the Wastewater Commission on 11/20/24: To Approve with a Referral to the Finance & Personnel Committee. Recommendation of the Finance and Personnel Committee on 11-25-2024: To authorize the execution of the Financial Assistance Agreement and the Issuance and Sale of up to $10,450,921.00 Taxable Wastewater Revenue Bonds, Series 2024, and Providing for Other Details and Covenants with Respect Thereto. Fiscal Note: The $10,450,921.00 Bond at an interest rate of 2.2% from state revolving funds reflects principal forgiveness up to $2,100,000.00.

Committee

Finance and Personnel Committee

Introduced

November 6, 2024

On agenda

December 3, 2024

Passed

December 3, 2024