Cheney Free Press -

 
 

By JAMES EIK
Staff Reporter 

$3.6 million in water, sewer revenue bonds approved

Long-term investment will allow Airway Heights to update capacities as its population increases

 


At the City Council meeting this past Monday, Airway Heights authorized the sale and issuance of up to $3.6 million in water and sewer revenue bonds.

City Manager Albert Tripp said the bonds are separate from any part of utilities, and won’t affect the monthly rate for residents. Currently, the city is working with $3,054,000, which would be converted from interim financing into long-term financing with Cashmere Valley Bank.

“Those dollars were previously used for capital improvement as part of our economic stimulus project,” he said. Those improvements resulted in the construction o...



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