Douglas County forms a water and wastewater enterprise to fund infrastructure for renewable supplies

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From the Castle Rock News Press (Rhonda Moore):

The board of county commissioners on July 10 established the Douglas County water and wastewater enterprise, opening the door to bring money to the table for long-term water development. The enterprise allows the county to issue revenue bonds secured by future revenues from water providers who pass muster, said Lance Ingalls, county attorney. The enterprise, through state statute, allows the county to issue the revenue bonds to qualifying providers on a project-by-project basis, Ingalls said…

The authority was focused primarily on advancing the water infrastructure and supply efficiency project that is pivotal to filling the Rueter-Hess reservoir, said Eric Hecox, authority spokesman…

“This enterprise is opening the door for the county to be a catalyst for partnership to meet our renewable water needs,” Hecox said. “Having a partner as big a player as the county gives us the opportunity to meet our regional long term challenges.”

The strength of the county’s borrowing power bumps the water game up a notch in Douglas County, said Jill Repella, commissioner, District 2. Repella was part of the conversations with providers who made it clear the county’s role is critical to the success of any effort toward bringing long-term water to Douglas County.

More infrastructure coverage here.

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