Arvada City Council approves $105M water bond and $18M wastewater bond issuances

Arvada City Council made significant strides in infrastructure funding during its meeting on May 20, 2025, approving two major bond ordinances aimed at enhancing the city's wastewater and water systems. The council unanimously passed the first ordinance, CB 25-009, which authorizes the issuance of up to $18 million in wastewater enterprise revenue bonds. This funding is earmarked for critical projects, including repairs to the north and central trunk lines, with repayment primarily sourced from user fees and system development charges.

The second ordinance, CB 25-010, received similar approval, allowing for the issuance of up to $105 million in water enterprise revenue bonds. This funding will support essential projects such as repairs at the Ralston Water Treatment Plant and the replacement of the Arvada Water Treatment Plant. Both bond issuances are structured for a 30-year term, reflecting the city's commitment to addressing both growth-related needs and necessary repairs.

Council members expressed interest in ensuring local residents have opportunities to invest in these bonds, highlighting a desire for community involvement in funding local projects. Currently, due to the city's AAA credit rating, the bonds are highly sought after, often purchased by institutional investors. City officials committed to exploring options for making a portion of the bonds available to Arvada residents.

With these approvals, the city is poised to move forward with its infrastructure plans, aiming to issue the bonds by late June, contingent on favorable interest rates. The council's decisions mark a proactive approach to maintaining and improving Arvada's essential services, ensuring the city is well-equipped to meet future demands.