Posting Language
Title
Approve a resolution authorizing the City Manager to apply for a 30-year low interest loan from the Texas Water Development Board through the Clean Water State Revolving Fund loan program in an amount not to exceed $59,000,000 for the Walnut Creek Wastewater Treatment Plant expansion project. Funding: contingent upon available funding in future Austin Water budgets.
De
Lead Department
Austin Water.
Fiscal Note
Funding is contingent upon available funding in future Austin Water budgets.
Prior Council Action:
May 30, 2024 - Council authorized negotiation and execution of a contract for pre-construction and construction services with MWH Constructors, Inc. in an amount not to exceed $900,000,000 for the Walnut Creek Wastewater Treatment Plant expansion project to expand treatment capacity to 100 million gallons per day (MGD).
For More Information:
Heather Cooke, Austin Water Chief Administrative Officer at 512-972-0083 or Heather.Cooke@austintexas.gov.
Council Committee, Boards and Commission Action:
July 16, 2025 - To be reviewed by the Water and Wastewater Commission.
Additional Backup Information:
The Clean Water State Revolving Fund (CWSRF) loan program is administered for the U.S. Environmental Protection Agency (EPA) and the State of Texas through the Texas Water Development Board (TWDB). This program provides low-interest loans to eligible applicants for a wide range of wastewater, storm water, reuse, and other pollution control projects.
CWSRF loans offer below-market fixed interest rates, made possible because these loans carry an interest rate subsidy of approximately 40 percent off the Austin Water's underlying bond credit rating. The reduced interest rates will save ratepayers financing costs for this project as compared to traditional revenue bond financing for loan terms up to 30 years. CWSRF loan financial assistance will be secured by Austin Water bonds based on TWDB's fixed lending rate reduction. A bond ordinance wil...
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