City of Austin StaffReport Recommendation for Action 2026-05-21
Austin Approves $1B WIFIA Loan with USEPA for Walnut Creek Project
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Description
The City of Austin approved a loan agreement with the United States Environmental Protection Agency for up to $1 billion under the WIFIA program for the Walnut Creek Wastewater Treatment Plant expansion and improvements. The funds will be drawn down in installments and repaid over time according to the finalized loan agreement.
Contract Details
Contract Amount
Not to exceed $1,000,000,000
Vendor
UNITED STATES ENVIRONMENTAL PROTECTION AGENCY
Agency
City of Austin city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
Within one year of ordinance adoption; installment drawdowns during construction
Renewal Info
The ordinance delegates contracting to Pricing Officers for closing within one year. Loan includes options to capitalize interest and staged drawdowns. Renewal or refinancing subject to future council action.
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