Pleasanton Council To Review Proposed $19M Water Bonds

PLEASANTON, CA — The Pleasanton City Council will review up to $19 million in proposed water revenue bonds to fund urgent improvements to the city’s water facilities, including building new water lines, building a new booster station, and building two new groundwater wells.

Proposed bonds will be issued by the Pleasanton Joint Powers Financing Authority for a maximum of $19 million, according to a city staff report. They will be mature in 30 years and have an interest rate no greater than six percent. The city will be able to redeem some or all of the bonds prior to their scheduled maturity.

The city’s financial advisors estimate that the principal amount of the bonds will be approximately $17.2 million. The principal and interest payments together on the bonds will be $1.2 million each year until final maturity.

The meeting will take place Tuesday at 7 at 200 Old Bernal Avenue. It will also be broadcast on Channel 29 and streamed on the city’s YouTube channel.

See here for more information, and here for the full meeting agenda.