Tampa Bay Water: Regular Board of Directors Meeting - 07.20.26

The Tampa Bay Water Regular Board of Directors Meeting held on July 20, 2026, focused heavily on water supply management, infrastructure projects, and financing. Key procurement-related discussions included approval of an interlocal agreement with Hillsborough County for easements related to the South Hillsborough well field project, with a cost of approximately $66,000 for utility corridor easements. The board unanimously approved this agreement. Additionally, the board approved a supplemental bond resolution (2026-002) to issue up to $325 million in new bonds (2026A) to fund capital improvement projects, including well field expansions and treatment plant upgrades, and up to $100 million in refunding bonds (2026B) to refinance existing debt, expected to generate approximately $7.8 million in net present value savings. The bond issuance aims to support $292 million in capital improvements and maintain strong credit ratings. Project updates were provided on the South Hillsborough well field, surface water treatment plant expansion, and various utility infrastructure projects in member governments such as New Port Richey. The procurement team was recognized for excellence, and ongoing stakeholder engagement and utility coordination efforts were highlighted. No motions or votes were taken on easement settlements deferred to future meetings.