Noman Cole Capital Costsin progress
Status set at the City Council Meeting on May 12, 2026
The Noman Cole capital costs project concerns the financing of capital improvements related to the Noman Cole facility as part of the city's broader sewer system capital program.
On April 14, 2026, the City Council unanimously introduced an authorizing ordinance (as part of the consent agenda) for the issuance of up to $11,000,000 in sewer system revenue bonds, with Noman Cole capital costs cited as one of the intended purposes. On May 12, 2026, the Council held a public hearing on the matter — which drew no public testimony — and subsequently approved Ordinance 2026-10 and Bond Resolution R-26-27 unanimously, formally authorizing the issuance of up to $11,000,000 in sewer system revenue bonds to finance sewer system capital costs, including those associated with Noman Cole. The bond authorization is now in place, though the actual bond issuance and expenditure of funds remain ongoing.
Still open
- Actual issuance of the revenue bonds (up to $11,000,000) has been authorized but not yet completed; timing and terms of the bond sale remain pending.
- Specific scope, schedule, and cost breakdown of the Noman Cole capital improvements to be funded have not been detailed in the recorded material.
History
Filled dots are actions on this topic; open dots are mentions.
- Introduction of an authorizing ordinance for issuance of sewer system revenue bonds up to $11,000,000 (including Noman Cole capital costs)
Noman Cole capital costs were cited as a purpose for the proposed $11,000,000 sewer system revenue bond ordinance introduced at this meeting.
passedApproval of the full consent agenda including this item✓ Amos✓ Bates✓ Hall✓ Hardy-Chandler✓ McQuillen✓ Peterson - Public Hearing and Council Action on Authorizing Ordinance and Bond Resolution for Sewer System Revenue Bonds ($11,000,000)
Financing for Noman Cole capital costs is included among the sewer system capital projects to be funded by the approved $11,000,000 revenue bond issuance.
passedApprove Ordinance 2026-10 and Bond Resolution R-26-27 authorizing the issuance of revenue bonds in the maximum aggregate principal amount of $11,000,000 to finance capital costs related to the city's sewer system.✓ Amos✓ Bates✓ Hall✓ Hardy-Chandler✓ McQuillen✓ Peterson