Posting Language
Title
Approve an ordinance authorizing the issuance of City of Austin Water and Wastewater System Revenue Bonds, Series 2026C, in the par amount of $5,000,000 to fund Austin Water’s waterline services replacement program and approve related documents. Funding: Fiscal Year 2026-2027 debt service requirements for the proposed bond issuance are included in the 2026-2027 Approved Budget of the Combined Utility Revenue Bond Redemption Fund.
Body
Lead Department
Austin Financial Services
Fiscal Note
Fiscal Year 2026-2027 debt service requirements for the proposed bond issuance are included in the 2026-2027 Approved Budget of the Combined Utility Revenue Bond Redemption Fund.
Prior Council Action:
May 8, 2025 – Council approved funding from the Texas Water Development Board for a low-interest State Water Implementation for Texas loan for Austin Water’s polybutylene pipe replacement project.
August 28, 2025 – Council approved a financing agreement with the Texas Water Development Board for the polybutylene pipe replacement project.
October 23, 2025 – Council approved an ordinance authorizing the issuance of City of Austin Water and Wastewater System Revenue Bonds, Series 2025B.
July 23, 2026 – Council approved a financing agreement with the Texas Water Development Board for the polybutylene pipe replacement project.
For More Information:
Belinda Weaver, Treasurer, Austin Financial Services.
Additional Backup Information:
On July 24, 2025, the Texas Water Development Board (TWDB) approved the City’s application for a low interest, multi-year loan in the amount of $45,000,000 through State Water Implementation for Texas (SWIFT) 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 Program project, but to close on portions of the fu...
Click here for full text