Upper East Fork Wastewater Interceptor System
title
Refunding Bonds for Extendable Commercial Paper Bonds; Resolution No. 26-04
end
SUBJECT
recommendation
Adopt Resolution No. 26-04 requesting authorization to issue Refunding Bonds for the Upper East Fork Wastewater Interceptor System Extendable Commercial Paper Bonds.
end
PURPOSE
The ability for the District to issue bonds to refund the ECP Bonds replaces the need for bank liquidity to support the ECP program.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors adopt Resolution No. 26-04, A "Resolution Authorizing the Issuance, Sale, and Delivery of North Texas Municipal Water District Upper East Fork Wastewater Interceptor System Contract Revenue ECP Refunding Bonds, Pledging Revenues for the Payment of the Bonds, Approving an Official Statement, and Authorizing Other Instruments and Procedures Relating Thereto."
Consultant:
N/A
Scope:
Fund Improvements to the Upper East Fork Interceptor System
Project:
Multiple. Each Capital Improvement Plan Contract will be brought to the Board for consideration.
Amount:
Not to exceed $150,000,000. Actual amount to be determined at date of pricing.
Committee:
This was an item on the February 11, 2026, Finance Committee Meeting agenda
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
* The Finance Committee met on February 11, 2026, to review the ECP Program.
* On March 23, 2023, the Board of Directors approved a limit of $150,000,000 for the Upper East Fork Interceptor System ECP Program.
* The bonds to refund the ECP will not be sold until necessary. The interest rate will be determined at the time of issuance.
* The actual amount of the bond sale will be determined on...
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