Portland Water District Agenda Packet 2026-06-08
PWD Plans $2 Million Bonds for Sludge Upgrades
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Description
The Portland Water District Board is poised to approve up to $2,000,000 in wastewater bonds for Westbrook, Gorham, and Windham to fund sludge conveyance system upgrades at the Westbrook Regional Wastewater Treatment facility. Financing is planned through the Maine Municipal Bond Bank with an expected 20‑year term.
Contract Details
Contract Amount
Up to $2,000,000
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 (budget assumed 20-year term at 4.25%)
Renewal Info
Single bond issuance with authorization to issue refunding bonds in the future as outlined in the resolution.
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