Portland Water District Agenda Packet 2026-06-08
$5.5 Million Portland Sewer Bonds for Pump Upgrades
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Description
The Portland Water District Board is set to authorize up to $5,500,000 in Portland sewer bonds to fund electrical system upgrades at the Northeast and India Street pump stations and related wastewater infrastructure. The bonds are expected to be issued through the Maine Municipal Bond Bank with an anticipated 20‑year term at 4.25%.
Contract Details
Contract Amount
Up to $5,500,000
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 (expected 20-year term at 4.25%)
Renewal Info
One-time bond issuance with authority for future refunding bonds during the life of the issue as detailed in the resolution.
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