Posting Language
Title
Approve an ordinance authorizing the issuance of City of Austin Water and Wastewater System Revenue Bonds, Series 2025A, in the par amount of $10,000,000 to fund Austin Water's Travis Heights reclaimed Water Main project, and related documents. Funding: The Fiscal Year 2025-2026 debt service requirements for the proposed bond issuance are included in the 2025-2026 Budget of the Combined Utility Revenue Bond Redemption Fund.
De
Lead Department
Financial Services Department.
Fiscal Note
Fiscal Year 2025-2026 debt service requirements for the proposed bond issuance are included in the 2025-2026 Budget of the Combined Utility Revenue Bond Redemption Fund.
For More Information:
Belinda Weaver, Treasurer, 512-974-7885.
Prior Council Action:
May 8, 2025 - Council approved an application of funding from Texas Water Development Board for a low-interest State Water Implementation Fund for Texas loan, in an amount not to exceed $10,000,000 for Austin Water's Travis Heights Reclaimed Water Main project.
August 28, 2025 - Council approved a financing agreement for $10,000,000 with the Texas Water Development Board as part of the State Water Implementation Fund for Texas loan for Austin Water's Travis Heights Reclaimed Water Main project.
Additional Backup Information:
On July 24, 2025, the Texas Water Development Board approved the City of Austin's application for a low interest loan in the amount of $10,000,000 through the State Water Implementation Fund for Texas for the implementation of Austin Water's Travis Heights Reclaimed Water Main project. This financing agreement will cover Austin Water's Fiscal Year 2025-2026 Capital Improvement Program spending plan costs for the project.
The Travis Heights Reclaimed Water Main project aims to increase the use of reclaimed water and decrease the demand for potable water and enhance the centralized direct non-potable reuse service area and increase the number of reclaimed water users in Austin. The T...
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