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Aug 16, 2022 · Context

Council authorizes water and sewer revenue bonds, New Series 2022 (Ord. 8002)

On August 16, 2022 the council adopted, 5-0, Ordinance No. 8002 authorizing Waterworks and Sewer System Revenue Bonds, New Series 2022, pledging the water and sewer system's net revenues. City financial reports record $52,590,000 issued, dated August 1, 2022, for improvement and extension of the waterworks and sewer system, maturing through 2042. The City's debt schedules show the proceeds fully spent by September 30, 2024; they do not name the projects funded.^[1]^[2]^[3]^[4]

Ginger Nelson Freda Powell Eddy Sauer Howard Smith Cole Stanley Laura Storrs

What the sources say

✓ Verified
On August 16, 2022 the council adopted Ordinance No. 8002 authorizing "City of Amarillo, Texas, Waterworks and Sewer System Revenue Bonds, New Series 2022," pledging the net revenues of the waterworks and sewer system, 5-0 (Mayor Nelson and Councilmembers Powell, Sauer, Stanley and Smith; motion by Councilmember Powell, second by Councilmember Sauer). Laura Storrs and Steven Adams of Specialized Public Finance presented the item. ^[1]
✓ Verified
The City's FY2025 financial report says the City issued the Waterworks and Sewer System New Series Revenue Bonds, Series 2022 on August 1, 2022 in the amount of $52,590,000, for improvement and extension of the waterworks and sewer system, at rates of 4.00% to 5.00%, maturing through 2042. The September 30, 2025 debt schedule lists $49,245,000 outstanding. ^[2]^[5]
Issued
$52,590,000
Outstanding sep 2025
$49,245,000
✓ Verified
The City's debt schedules report the Series 2022 proceeds spent as of each year end.
Reported value 1[3]
Value
$10,246,165 spent, $42,343,835 unspent
At September 30, 2023
Reported value 2[4][5]
Value
$52,590,000 spent, none unspent
At September 30, 2024 and September 30, 2025
✓ Verified
The minutes, financial report and debt schedules describe the Series 2022 purpose only as "improvement and extension" of the waterworks and sewer system; no City record found ties this series to the Northeast Interceptor or names the projects it funded. ^[1]^[2]^[5]

Sources

1.Amarillo City Council Regular Meeting Minutes, 2022-08-16 — City of Amarillo, Aug 16, 2022 · retrieved Oct 14, 2026primarySubject-authoredScanned minutes (OCR). Item 3E: "ORDINANCE NO. 8003 AN ORDINANCE authorizing the issuance of “CITY OF AMARILLO, TEXAS, TAX NOTES, SERIES 2022B”" ... "voting NO was Councilmember Stanley; absent were none; the motion passed by a 4-1 vote."
2.City of Amarillo Annual Comprehensive Financial Report, fiscal year ended September 30, 2025 — City of Amarillo, Jun 4, 2026 · retrieved Oct 9, 2026primarySubject-authoredNote 13 (long-term obligations) describes each certificate-of-obligation series; Note 29 (subsequent events) records the Series 2026 and 2026A certificates, the Series 2026 PPFCOs and 2026 water-sewer revenue bonds. Issue dates differ in places between Note 13 and the statistical tables.
3.Schedule of Debt, City of Amarillo, September 30, 2023 — City of Amarillo, Mar 1, 2026 · retrieved Oct 16, 2026primarySubject-authoredSchedule as of September 30, 2023; this copy was posted in March 2026 (upload folder). Lists each series with authorized, issued, outstanding, spent and unspent amounts and purpose.
4.Schedule of Debt, City of Amarillo, September 30, 2024 — City of Amarillo, Mar 1, 2026 · retrieved Oct 16, 2026primarySubject-authoredSchedule as of September 30, 2024; this copy was posted in March 2026 (upload folder). Lists each series with authorized, issued, outstanding, spent and unspent amounts and purpose.
5.Schedule of Debt at September 30, 2025 (as required by Section 140.008, Texas Local Government Code) — City of Amarillo, Jul 1, 2026 · retrieved Oct 9, 2026primarySubject-authoredPosted July 2026 (upload folder); lists each series with authorized, issued, outstanding, spent and unspent amounts and purpose.