From
Brady Olsen
Title
2019 Water & Wastewater System Revenue Bonds and Clean Water State Revolving Fund Loan Forgiveness Plan
Presenter
Becky Brooks, Assistant CFO with Andre Ayala, HTS
Recommended Action
Approve
Analysis
On February 25, 2019, TWDB approved the City's financial assistance request in the amount of $3,730,800, consisting of a $3,180,000 loan and $550,800 in loan forgiveness, from the Clean Water State Revolving Fund. The City will use the funds to finance construction of wastewater system improvements.
The timeline, schedule of activities, press release, and presentation documents for the 2019 Water & Wastewater System Revenue Bonds and Clean Water State Revolving Fund Loan Forgiveness Plan are attached.
Financial Consideration
Funding for expenditures will be budgeted in the FY 2018/2019 Water and Wastewater Debt Service Fund.