From The Greeley Tribune (Tyler Silvy):
The council will officially vote on the $367 million budget Oct. 17…
The city has a variety of construction projects on the horizon for 2018, but none are more costly than those projects related to water.
Greeley’s portion of a new reservoir will cost $38.2 million, and the city will spend $44.4 million to renovate the Bellvue Water Treatment Plant near the mouth of the Poudre Canyon. Bellvue has been in operation one way or another for more than 100 years.
Water-related projects often are paid for through municipal bonds, and the city’s water department is allowed to take on the debt without a vote of the residents because it is an enterprise fund and can charge more for services to pay down the debt.