Description
Title: Approve an ordinance authorizing the issuance of City of Austin, Water and Wastewater System Revenue Bonds, Series 2026A (CWSRF), in the par amount of $59,000,000 to implement Austin Water’s Walnut Creek Wastewater Treatment Plan Expansion and related enhancement projects, and approve related documents. Funding: Fiscal Year 2025-2026 debt service requirements for the proposed bond issuance are included in the 2025-2026 Approved Budget of the Combined Utility Revenue Bond Redemption Fund.
Summary
On April 23, 2026, the City of Austin authorized the issuance of $59 million in revenue bonds designated as "Water and Wastewater System Revenue Bonds, Series 2026A." These bonds aim to fund the expansion of the Walnut Creek Wastewater Treatment Plant (WWTP) to enhance its capacity to 100 million gallons per day, meeting increasing wastewater flow projections and regulatory requirements. The project includes significant upgrades such as Biological Nutrient Removal (BNR) to ensure compliance with stricter effluent quality limits set by the Texas Commission on Environmental Quality. This financing will be facilitated through a low-interest loan via the Texas Water Development Board's Clean Water State Revolving Fund, providing substantial savings for ratepayers compared to traditional financing methods