Project Overview
The Pleasanton City Council will address capital improvements for the municipal water system during a special meeting on August 11, 2026. These initiatives fall under the previously approved five-year Water Capital Improvement Program and are collectively known as the 2026 Water Project.
The planned upgrades aim to increase system capacity, enhance reliability, and diversify water supply sources. A key component of the project involves developing new wells to advance efforts to restore local groundwater production.
Financing Details
Staff will present a debt financing overview alongside the City financial advisor PFM and bond counsel Jones Hall. The recommendation asks the Pleasanton Joint Powers Financing Authority to issue Water Revenue Bonds with a principal amount not to exceed $16,500,000.
A resolution declaring the City intention to reimburse capital improvement expenditures from the proceeds of tax-exempt obligations will be submitted for Council approval during the meeting.
