Accept $31.7 million in bond proceeds for wastewater system improvements
Wastewater SystemBudgetWater Resource Recovery DepartmentAppropriation
Resolution 112-17
In Plain English
The city issued bonds to raise money for wastewater infrastructure projects. Bank of New York Mellon Trust Company collected $31.7 million from investors who bought the bonds. If approved, the city receives this money to fund sewer repairs and upgrades throughout the community.
Auto-generated summary. Source: official agenda documents.
Votes
Motion · Official minutes
Approve consent calendar
Passed
6 aye · 0 nay
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