Posting Language
Title
Approve an ordinance authorizing the issuance of City of Austin, Water and Wastewater System Revenue Bonds, Series 2026A (CWSRF), in the par amount of $59,000,000 to implement Austin Water's Walnut Creek Wastewater Treatment Plan Expansion and related enhancement projects, and approve related documents. Funding: Fiscal Year 2025-2026 debt service requirements for the proposed bond issuance are included in the 2025-2026 Approved Budget of the Combined Utility Revenue Bond Redemption Fund.
Body
Lead Department
Austin Financial Services
Fiscal Note
Fiscal Year 2025-2026 debt service requirements for the proposed bond issuance are included in the 2025-2026 Approved Budget of the Combined Utility Revenue Bond Redemption Fund.
Prior Council Action:
Resolution 20250724-019 - City council approved 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.
For More Information:
Belinda Weaver, Treasurer, Austin Financial Services, 512-974-7885.
Additional Backup Information:
On February 19, 2026, the Texas Water Development Board (TWDB) approved the City's application for a low interest loan in the amount of $59,000,000 through the Clean Water State Revolving Fund (CWSRF) for the implementation of Austin Water's Walnut Creek Wastewater Treatment Plan (WWTP) Expansion to 100 million gallons per day (MGD) and enhancements projects.
The CWSRF loan program is administered for the U.S. Environmental Protection Agency and the State of Texas through the 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% off Austin Water's underlying bond credit rating. The reduced interest rates will s...
Click here for full text