Title
Resolution for Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $63,664,685 (Ordinance 2026-01) for FY 2026 Clean Water State Revolving Fund Projects
Body
Agenda of: March 11, 2026
Item No.: 2026-066
Amount: Not to Exceed $63,664,685
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: March 11, 2026
RE: Resolution for Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $63,664,685 (Ordinance 2026-01) for FY 2026 Clean Water State Revolving Fund Projects
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer (CFO) and Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), approves a resolution for Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $63,664,685 (Ordinance 2026-01) for FY 2026 Clean Water State Revolving Fund Projects as presented, and authorizes the Chief Executive Officer (CEO) to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
Annually, the Great Lakes Water Authority (GLWA) submits projects to the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for low-interest funding consideration through the Clean Water State Revolving Fund (CWSRF). EGLE awarded GLWA funding for the Pump Station No. 2 Variable Frequency Drive (VFD) Replacement project and GLWA's Combined Sewer Overflow (CSO) Facility Improvement project for EGLE's FY 2026 funding year.
The Pump Station No. 2 Variable Frequency Drive (VFD) and CSO Facility Improvement projects have an anticipated loan closing date of May 7, 2026, and to issue debt, a Series Ordinance (2026-0...
Click here for full text