PILLAR: Fiscally Sound
AGENDA DATE: October 28, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: City Controller’s Office
PRIORITY: N/A
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SUBJECT
Title
An ordinance authorizing the issuance and sale of City of Dallas, Texas Waterworks and Sewer System Revenue Bonds, Series 2026C, in the amount of $34,000,000 to the Texas Water Development Board; awarding the sale of the bonds; approving the execution of agreements in connection with the sale of the bonds; and all other matters related thereto - Not to exceed $112,000 - Financing: Dallas Water Utilities Fund
*In alignment with Water and Wastewater Capital Improvement Program.
Body
BACKGROUND
On April 27, 2022, the City Council authorized the City Manager and the Director of Dallas Water Utilities Department (DWU) to submit loan applications to the Texas Water Development Board (TWDB) for low-cost financial assistance via the State Water Implementation Revenue Fund for Texas (SWIRFT) for planning, design, and construction of projects and programs on the prioritization list. Financial assistance applications for the approved prioritization projects were submitted by DWU in May 2022, to include two eligible projects representing $80.8 million in planned capital improvements and one multi-year commitment with TWDB of $170 million to fund DWU’s water main replacement program for five years for a total funding commitment of $250.8 million. This item represents the final issuance of a five-year funding commitment from the TWDB, totaling $170 million. Participation in these programs will benefit DWU and its customers by providing lower overall costs for financing its water and wastewater main replacement programs.
In accordance with the SWIRFT funding commitment, DWU will issue $34.0 million in Waterworks and Sewer System Revenue Bonds, Series 2026C (the “Series 2026C Bonds”) for Project Loan LM261535 that will be purchased by the TWDB. Through the purch...
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