Title
Resolution Regarding Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $12,963,500 (Ordinance 2026-05) for FY 2026 Clean Water State Revolving Fund Projects
Body
Agenda of: May 28, 2026
Item No.: 2026-188
Amount: Not to Exceed $12,963,500
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: May 28, 2026
RE: Resolution Regarding Approval of Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $12,963,500 (Ordinance 2026-05) 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), approve a resolution for the Series Ordinance Authorizing Issuance and Sale of Sewage Disposal System Revenue Bonds in an Aggregate Amount Not to Exceed $12,963,500 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
The Detroit Water and Sewerage Department (DWSD) submits projects annually to the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for low-interest funding consideration through the Clean Water State Revolving Fund (CWSRF). On April 23, 2025, the DWSD Board of Water Commissioners adopted a resolution approving the Sewer Rehabilitation in the Neighborhoods of Hubbard Farms and North Corktown (Sewer Rehabilitation) project plan following a public hearing on the same date. The project was awarded funding for EGLE's FY 2026 funding year with an anticipated loan closing date in August 2026. To issue debt, a resolution adopting the Series Ordinance (2026-05) is required by the GLWA Board...
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