Item 63 — Thursday, September 24, 2026
In plain language — from agenda source text
This is the paperwork that lets Austin Water spend money now on next year's water and wastewater capital projects, then pay itself back later from the proceeds of tax-exempt debt. The resolution declares the City's official intent to reimburse itself for up to $525,000,000 in expenditures tied to the Fiscal Year 2026-2027 acquisition and construction of those system improvements. It's a routine but necessary step in how big utility infrastructure gets financed, and the funding is available in Austin Water's Capital Budget.
Current official agenda wording
Approve a resolution declaring the City's official intent to reimburse itself from proceeds of tax-exempt obligations in an aggregate maximum principal amount of $525,000,000 for expenditures related to the Fiscal Year 2026-2027 acquisition and construction of water and wastewater system capital improvement projects. Funding: Available in Austin Water’s Capital Budget.
"without objection, the consent agenda is adopted with the Mayor Watson being shown, voting no on items 48 through 59 and Council Member Alter being shown voting no on item number 49. [00:45:01]" — meeting transcript (unofficial)