SacSewer - 5/13/2026

The County of Sacramento held a meeting of the Sacramento Area Sewer District and the Northern California Sanitation Financing Authority on May 13, 2026. The primary procurement-related discussion focused on authorizing the issuance of one or more series of refunding bonds to refinance the 2010A and 2015B bonds associated with the sewer district's collection system. The refunding aims to eliminate risk related to federal subsidies and generate approximately $7 million in savings with a net present value of about $5 million. The bonds will be issued on a tax-exempt basis with no new debt incurred, and the district expects to reduce annual debt service payments from $14.2 million to approximately $13.3 million. The board approved the motion unanimously after a presentation by the senior accounting manager and noted the competitive RFP process used to select Wells Fargo as lead underwriter. Due to lack of quorum, the remainder of the agenda was postponed to a future meeting.