Regional Water System
title
Regional Water System Revenue Bonds, Series 2025A; Resolution No. 25-47
end
SUBJECT
recommendation
Adopt Resolution No. 25-47 Authorizing the issuance of revenue bonds for the Regional Water System to the Texas Water Development Board (TWDB) and providing funding for the North System Raw Water Pipelines, which consists of the Texoma Raw Water Pipeline No. 2 and Texoma to Leonard Raw Water Pipeline projects.
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PURPOSE
The revenue bond proceeds will be used to fund the North System Raw Water Pipelines projects, which include the Texoma Raw Water Pipeline (RWP) No. 2 and the Texoma to Leonard Raw Water Pipeline (RWP) projects. This is the third and final action required by the Board prior to receiving the funds.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors adopt Resolution No. 25-47, "Resolution Authorizing the Issuance, Sale, and Delivery of North Texas Municipal Water District Water System Revenue Bonds, Series 2025A; and Approving and Authorizing Instruments and Procedures Relating Thereto."
Consultant:
N/A
Scope:
Fund North System Raw Water Pipeline projects in the Regional Water System
Project:
Texoma RWP No. 2 and Texoma to Leonard RWP
Amount:
$641.695 million of 2025 revenue bonds will be issued
Committee:
This item was reviewed by the Finance Committee on September 10, 2025
DRIVER(S) FOR THIS PROJECT
Strategic Objective:
2.3 Rigorous Financial Management
? Regulatory Compliance
? Asset Condition
? Capacity
? Redundancy/Resiliency
? Relocation or External Requests
? Operational Efficiency
? Safety
? Administrative
? Policy
? Other _____________
BACKGROUND
* On January 30, 2025, NTMWD submitted an abridged application to the TWDB for financial assistance from TWDB's SWIFT Program to fund $698.150M in costs for the North System Raw Water Pipelines projects, which include the Texoma Raw Water Pipeline No. 2 and Texoma to Leonard Raw Water Pipeline.
* On Apr...
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