Title
Resolution for Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $115,427,477 (Ordinance 2025-05) for FY 2026 Clean Water State Revolving Fund Project
Body
Agenda of: November 20, 2025
Item No.: 2025-338
Amount: Not to Exceed $115,427,477
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: November 20, 2025
RE: Resolution for Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $115,427,477 (Ordinance 2025-05) for FY 2026 Clean Water State Revolving Fund Project
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 $115,427,477 (Ordinance 2025-05) for FY 2026 Clean Water State Revolving Fund Project 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). The Rehabilitation of Screened Final Effluent (SFE) Pump Station project was awarded funding for EGLE's FY 2026 funding year.
The SFE Pump Station project has an anticipated loan closing date of February 9, 2026, and to issue debt, a Series Ordinance (2025-05) must be adopted by the GLWA Board. Due to the timing for Board review and the Michigan Finance Authority (MFA) FY 2026 Financing ...
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