Graham City Council Approves $14.6 Million Debt for Wastewater Rehabilitation and Fire Truck Purchase
Graham City Council approved pursuing $14.6 million in Certificates of Obligation for a wastewater treatment plant rehabilitation and a new fire truck. The project allocates $12 million for phase one of the rehabilitation, addressing critical electrical infrastructure and plumbing issues. The fire truck will receive $2 million, with $600,000 for associated debt costs. The wastewater plant, built in 1978, faces urgent upgrades, with phase one expected to cost $19.26 million and be bid in 2028.
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The Graham City Council approved a Notice of Intent for up to $14.6 million in Certificates of Obligation to fund a rehabilitation project at the wastewater treatment plant and purchase a new fire truck. Of this amount, $12 million is earmarked for phase one of the rehabilitation, which addresses critical electrical and plumbing issues, while $2 million is allocated for the fire truck.
The estimated total cost for phase one is $19.26 million, with construction expected to begin in 2028. The wastewater treatment plant, operational since 1978, requires urgent upgrades to prevent infrastructure failures. Financial advisor options discussed include general obligation bonds and tax anticipation notes.
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