Commissioners Approve Drain Commission’s Request for Intent to Sell Water Bonds
A resolution approving Genesee County Drain Commissioner Jeff Wright’s request for a Notice of Intent to Issue and Sell Water Supply System Revenue Bonds was unanimously approved at the Genesee County Board of Commissioner’s meeting Wednesday morning.
The bonds would go towards the construction of an intake system into Lake Huron and not exceed $35 million. This intake will stretch 1.5 miles under the floor of the Great Lake.
The county, who at the moment buys its water from the city of Detroit, stands to save about $200 million over 25 years once the intake is in place. The total estimated price for the pipeline is $300 million.