Regional Water System
title
Regional Water System Revenue Bonds, Series 2025B; Resolution No. 25-48
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SUBJECT
recommendation
Adopt Resolution No. 25-48 Authorizing the issuance of revenue bonds for the Regional Water System to the Texas Water Development Board (TWDB) and providing funding for Bois d'Arc Lake (BDL) and Leonard Water Treatment Plant (LWTP) phase III High Service Pump Station - South (HSPS-S) project.
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PURPOSE
The revenue bond proceeds will be used to fund the BDL/LWTP Phase III HSPS-S project in the Regional Water System. 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. 25-48, "Resolution Authorizing the Issuance, Sale, and Delivery of North Texas Municipal Water District Water System Revenue Bonds, Series 2025B; and Approving and Authorizing Instruments and Procedures Relating Thereto."
Consultant:
N/A
Scope:
Fund BDL/LWTP Phase III HSPS-S project in the Regional Water System
Project:
BDL/LWTP Phase III - HSPS-S
Amount:
$239.060 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 $261.345M in costs for the BDL Phase III HSPS-S project, which includes Bois d'Arc Lake and Leonard Water Treatment Plant Expansion and Improvements.
* On April 10, 2025, the TWDB formally invited NTMWD to submit an application.
* On April 24, 2025, NTMWD authorized filing the application for financial ...
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