Regional Water System
title
Regional Water System Revenue Bonds, Series 2026A; Resolution No. 26-43
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SUBJECT
recommendation
Adopt Resolution No. 26-43 authorizing the issuance of revenue bonds for the Regional Water System to the Texas Water Development Board (TWDB) to provide funding for Bois d’Arc Lake (BDL) and Leonard Water Treatment Plant (WTP) Phase III Leonard Treated Water Pipeline No. 2 Segment D and Segment E projects.
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PURPOSE
The revenue bond proceeds will be used to fund the BDL/Leonard WTP Phase III Leonard Treated Water Pipeline No. 2 project in the Regional Water System. This is the 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. 26-43, “Resolution Authorizing the Issuance, Sale, and Delivery of North Texas Municipal Water District Water System Revenue Bonds, Series 2026A; and Approving and Authorizing Instruments and Procedures Relating Thereto.”
Consultant:
N/A Scope:
Fund BDL/Leonard WTP Phase III Leonard Treated Water Pipeline No.2 project in the Regional Water System Project:
BDL/Leonard WTP Phase III – Leonard Treated Water Pipeline No. 2 Segment D & Segment E Amount:
$354.475 million of Series 2026A revenue bonds will be issued Committee:
This item was reviewed by the Finance Committee on April 08, 2026
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 29, 2026, NTMWD submitted an abridged application to the TWDB for financial assistance from TWDB’s SWIFT Program to fund $379.020M in costs for the BDL/LWTP Phase III LTWPL No. 2 project.
On April 17, 2026, the TWDB formally invited NTMWD to submit an application....
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