Posting Language
Title
Authorize negotiation and execution of a financing agreement with the Texas Water Development Board for a 20-year low-interest loan in an amount not to exceed $3,000,000 for Austin Water's polybutylene pipe replacement project, also known as the Municipal Conservation 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:
April 16, 2025 - Water and Wastewater Commission recommended that Council authorize the City Manager to apply from funding from the TWDB for a low-interest SWIFT loan in an amount not to exceed $45,000,000 for Austin Water's polybutylene pipe replacement project.
May 8, 2025 - Council authorized the City Manager to apply from funding from the TWDB for a low-interest SWIFT loan in an amount not to exceed $45,000,000 for Austin Water's polybutylene pipe replacement project.
For More Information:
Heather Cooke, Austin Water Chief Admin Officer at 512-972-0083 or Heather.Cooke@austintexas.gov.
Council Committee, Boards and Commission Action:
August 20, 2025 - To be reviewed by the Water and Wastewater Commission.
Additional Backup Information:
On July 24, 2025, the TWDB approved the City of Austin's application for a low interest, multi-year loan in the amount of $45,000,000 through the SWIFT loan program for the implementation of Austin Water's polybutylene pipe replacement project. This multi-year loan process involves several annual loan closings with potential adjustments to loan terms. This allows Austin Water to receive a funding commitment for the capital improvement project (CIP) but to close on portions of the funding over a multi-year schedule.
Austin Water's waterline services replacement program was established to systematically replace water service lines (the small-diameter lines that connect water mains to customer meters) in order ...
Click here for full text