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Type:
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Council Consent
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Status:
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Agenda Ready
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On agenda:
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1/20/2026
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Final action:
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Title:
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Consideration of Resolution No. 26-1010 authorizing various improvements to the Water and Sewer System of the City and setting forth the intent to issue Water and Sewer Revenue Bonds.
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Focus Area: Economy
Staff Contact: Jamie Robichaud and Mary Jaeger
Subject: Consideration of Resolution No. 26-1010 authorizing various improvements to the Water and Sewer System of the City and setting forth the intent to issue Water and Sewer Revenue Bonds.
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title:
title
Consideration of Resolution No. 26-1010 authorizing various improvements to the Water and Sewer System of the City and setting forth the intent to issue Water and Sewer Revenue Bonds.
Body
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Summary:
This Resolution (Attachment A) declares the City’s intent to proceed with the design and construction of the specified projects and further authorizes the City Clerk to give public notice of the City’s intent to finance all or a portion of the costs of the projects through the issuance of Water and Sewer Revenue Bonds.
The projects listed below are those that staff is presenting to Council for consideration and authorization. The projects will also utilize cash funding.
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Project # |
Project Name |
Est. Total Bond Amount |
Est. 2026 Bond Amount |
Project Amount |
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1-C-004-25 |
Indian Creek Trunkmain Improvements |
11,825,600 |
6,769,400 |
14,872,400 |
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1-C-011-24 |
West Cedar Creek Interceptor Phase 1 |
19,384,400 |
19,384,400 |
47,092,300 |
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1-C-013-25 |
Cedar Creek WWTP Expansion Ph II (BNR) |
27,927,700 |
15,462,700 |
36,099,700 |
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1-C-019-25 |
Super Critical Water Oxidation Pilot |
26,000 |
26,000 |
8,864,429 |
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1-C-025-25 |
Cedar Creek Solids Handling Expansion |
20,217,000 |
11,868,000 |
35,742,000 |
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1-C-008-25 |
Lone Elm Park Sanitary Sewer Extension |
1,267,544 |
1,267,544 |
1,454,544 |
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5-C-034-25 |
WTP2: Membrane Module Replacement |
625,625 |
625,625 |
4,470,000 |
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1-R-000-XX |
Sanitary Sewer Rehab (I&I) |
8,285,000 |
1,000,000 |
10,250,000 |
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1-R-100-XX |
Neighborhood Sanitary Sewer Rehab |
17,115,530 |
1,000,000 |
22,789,440 |
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5-R-000-XX |
Waterline Rehabilitation |
16,336,557 |
2,704,350 |
30,780,000 |
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1-C-016-XX |
Harold St Digester Lid |
805,000 |
805,000 |
805,000 |
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Total |
123,815,956 |
60,913,019 |
213,219,813 |
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Contingency/bond financing costs |
18,572,393 |
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Maximum principal amount of bonds |
142,388,349 |
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Financial Impact:
Adopting this Resolution documents the City’s intent to undertake the projects and issue the bonds. An amount not to exceed $142,388,349 of Water and Sewer Revenue Bonds may be issued to finance these costs, including bond reserves and issuance costs.
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Action Needed:
Approval of Resolutions No. 26-1010 authorizing various improvements to the Water and Sewer System of the City and setting forth the intent to issue Water and Sewer Revenue Bonds for the purpose of paying a portion of the costs of the projects.
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Attachment(s):
A: Resolution 26-1010
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