The Vendor is required to provide prospective underwriters regarding the anticipated issuance of two enterprise revenue bonds, series 2026 (the “2026 Bonds”).
- If development continues without the necessary water infrastructure, there will be inadequate storage and supply for fire flows.
- Regular, peak-hour usage will result in inadequate water supply and pressures to the higher elevation properties.
- The wastewater revenue bond, series 2026 (wastewater treatment facility expansion) will be for phase 2 of city wastewater treatment facility expansion for approximately $115,000,000. 
- Tax-exempt proceeds of the 2026 bonds will be used to fund projects.
- LLP has been retained by city as bond counsel for this transaction, and in such capacity will also assist in the preparation of all documents required for the bond issuances.
- Contract Period/Term: 1 year