From the Loveland Reporter-Herald (Tom Hacker):
The measure combines long-term debt, internal borrowing and rises in rates paid by business and home owners that will double their costs in nine years. The prickly issue for councilors, one that extended discussion of the measure until nearly 11 p.m., was whether to commit $750,000 annually for five years from the city’s general fund to pay for water system improvements…
Mayor Cecil Gutierrez, who had adamantly opposed the general fund ingredient in the formula to pay for water line replacement and treatment plant upgrades, reversed himself in casting the deciding vote on the issue.
Council member Joan Shaffer said steering surplus general fund money to the utilities department jeopardizes the city’s ability to meet other needs, particularly those related to economic development.
Councilors Hugh McKean, Daryle Klassen, Dave Clark and John Fogle joined Gutierrez in supporting the new rate plan.
Shaffer and councilors Ralph Trenary and Phil Farley cast the minority votes. Trenary’s motion to eliminate the general fund appropriation from the package had failed on a 4-4 vote.
The rate structure covering the years through 2022 would become official with another council action March 5.
More infrastructure coverage here.