Board meetings, strategic plans, and buyer signals from Michael Royce Bennett’s organization
May 21, 2026·BoardMeeting
Board
Onwasa Board Of Directors Board Meeting
The board discussed and adopted the budget ordinance and capital improvement plan, which included updates to water and sewer rate structures and the addition of water and sewer line replacement projects. The board also approved an amended project ordinance for exploratory PD test wells to support water supply planning. The meeting included a public hearing on the budget and discussions regarding the impact of rate structures on different customer tiers and the potential for water source development.
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The board meeting agenda includes the review and approval of departmental reports, administrative service agreements with local towns, and an amendment to an existing employment contract. Key business items involve the presentation, public hearing, and adoption of the fiscal year 2026-2027 budget and updated capital improvement plan. Additional discussions cover an amended project ordinance for water supply planning and development, the renewal of the annual audit contract, and approval of a major contract amendment for the Southeast Regional Wastewater Treatment Plant expansion. The meeting also includes a closed session for attorney-client privileged consultations.
Apr 16, 2026·BoardMeeting
Board
Onslow Water & Sewer Authority Special Meeting
The board discussed long-term financial planning, focusing on the Capital Improvement Plan and infrastructure funding strategies. Key topics included debt issuance methods, such as moving to an annual issuance model aligned with project cash flows and potential interest-only periods to stabilize rate impacts. The board also reviewed and requested alternatives for proposed rate increases, specifically exploring tiered consumption structures for both water and sewer services to better distribute costs and protect smaller users.
Apr 16, 2026·BoardMeeting
Board
Board Of Directors Regular Meeting
The meeting focuses on the presentation of the proposed Fiscal Year 2026-2027 budget, which is balanced at $66.5 million. Key budget elements include user fees as primary revenue, a $1 million disaster contingency fund, and infrastructure investment plans aligned with the Board's Capital Improvement Plan. The Board is expected to consider a motion to schedule a future public hearing regarding the proposed budget.
Extracted from official board minutes, strategic plans, and video transcripts.
