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MoneyCity Council · Sep 3, 2026 · This meeting · Full transcript

Council authorizes up to $125 million in bonds to fund the sewer and stormwater upgrade plan

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The council approved issuing bonds for the Terre Haute Sanitary District to pay for the sewer and stormwater projects funded by the rate increase adopted earlier in the meeting, authorizing up to $125 million each in GO bonds (general obligation bonds — borrowing repaid from general tax revenue rather than a specific project's income) and revenue bonds, with the two combined never exceeding $125 million. 0:30:28 — open the recording, cued to 30 minutes 28 seconds

Bond counsel Dennis Otten told the council the city will decide case-by-case which type to issue, depending on market conditions and utility revenue at the time. 0:31:01 — open the recording, cued to 31 minutes 1 second

This bond authorization pairs with the sewer and stormwater rate ordinance the council adopted moments earlier in the same meeting. 0:29:08 — open the recording, cued to 29 minutes 8 seconds

More from the record

Outcome

Passed on a voice vote, first to take action and then to approve

Special Ordinance 28-2026 passed on a voice vote, first to take action and then to approve. 32:05

$125 million combined bond authorization — cued to 0:30:28 (30 minutes 28 seconds)This item has historyEvery appearance on the public record.Full thread

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