Regional Wastewater System
title
Regional Wastewater System Revenue Bonds, Series 2025
end
SUBJECT
recommendation
Adopt Resolution No. 25-15 authorizing the issuance of Revenue Bonds for the Regional Wastewater System.
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PURPOSE
These revenue bonds will be used to fund the Sister Grove Resource Regional Water Resource Recovery Facility (RWRRF) Phase II project in the Regional Wastewater System (RWWS)
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors adopt Resolution No. 25-15, "Resolution Authorizing the Issuance, Sale, and Delivery of North Texas Municipal Water District Regional Wastewater System Revenue Bonds, Series 2025; and Approving and Authorizing Instruments and Procedures Relating Thereto.
Consultant:
N/A
Scope:
Fund Sister Grove RWRRF - Phase II project in the RWWS using the Rowlett Creek Regional Wastewater Treatment Plant (RWWTP) committed funding from the Texas Water Development Board (TWDB)
Project:
Sister Grove Regional Water Resource Recovery Facility Phase II project
Amount:
Approximately $37.855 million of 2025 revenue bonds will be issued
Committee:
Staff reviewed with the Finance Committee on April 9, 2025.
DRIVER(S) FOR THIS PROJECT
Strategic Objective:
1.2 Successfully Deliver Capital Program
? Regulatory Compliance
? Asset Condition
? Capacity
? Redundancy/Resiliency
? Relocation or External Requests
? Operational Efficiency
? Safety
? Administrative
? Policy
? Other _____________
BACKGROUND
* On October 29, 2019, NTMWD submitted a Project Information Form ("PIF") to the Texas Water Development Board ("TWDB") for financial assistance from TWDB's Clean Water State Revolving Fund ("CWSRF") to fund $75.47million in costs for the Rowlett Creek Regional Wastewater Treatment Plant.
* On November 13, 2019, the TWDB formally invited NTMWD to submit an application for funding.
* On December 19, 2019, NTMWD authorized filing the application for financial assistance.
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