D. Long-term debt and liabilities

City Council Meeting · 2026-04-28 · agenda_item

This item concerns the City of Clermont's wastewater system and its long-term debt. The city uses revenue bonds to fund capital projects and refinance existing debt. These bonds are paid back using money from the city's water and sewer system. Currently, the city is reviewing its wastewater system bonds, which were originally issued to pay for construction and improvements at the Sampey Wastewater Treatment Plant. The city has met its debt obligations for these bonds. This review is part of the city's financial planning and is currently under review by the City Council. The work related to this item involves financial management and oversight of existing infrastructure, rather than new construction. Local businesses involved in financial services, engineering, and infrastructure management may find opportunities in supporting the city's ongoing management and potential future capital needs. Early engagement with city officials could provide insight into upcoming projects or needs.

Water and Sewer Revenue Bond, Series 2007A principal

4,309,000 dollars

Water and Sewer Revenue Refunding Note, Series 2021 principal

3,523,894 dollars

Series 2007A bond interest rate

4.125 percent