Portland Water District Agenda Packet 2026-06-08
$6 Million Wastewater Bonds for Westbrook Centrifuge
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Description
The Portland Water District Board will consider authorizing up to $6,000,000 in Westbrook/Gorham/Windham wastewater bonds to accelerate centrifuge upgrades at the Westbrook Regional Wastewater Treatment facility. The financing resolution supports early engineering costs and anticipates 20‑year debt service largely offset by reduced biosolids costs.
Contract Details
Contract Amount
Up to $6,000,000
Vendor
MAINE MUNICIPAL BOND BANK
Agency
Portland Water District (ME), ME
Contract Type
FINANCIAL_SERVICES
Document Date
June 5, 2026
Contract Term
Up to 40 years from date of issuance (forecast assumed 20-year term)
Renewal Info
One-time bond authorization including provisions for future refunding bonds; also includes an IRS-compliant declaration of official intent to reimburse original expenditures from bond proceeds.
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