Portland Water District Agenda Packet 2026-06-08
Cumberland Sewer Bond Authorization up to $1.6 Million
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Description
The Portland Water District Board will consider authorizing up to $1,600,000 in Cumberland sewer bonds to upgrade the Tuttle Road Force Main and related wastewater infrastructure. Financing may be placed through the Maine Municipal Bond Bank’s programs or another qualified purchaser with an anticipated 20‑year term.
Contract Details
Contract Amount
Up to $1,600,000
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 (anticipated 20-year bond at 4%)
Renewal Info
One-time bond issuance with option for future refunding bonds during term as authorized in the resolution.
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