The northern Colorado town of Greeley is considering selling $35 million of bonds to pipe water from its plant in Bellvue. The Greeley City Council will introduce an ordinance next week to authorize the competitive revenue bond sale later this month.

Water users and new businesses would pay for the $35 million of debt to continue expansion of a water pipeline from a water treatment plant in Bellvue to the city. Greeley finance director Tim Nash said Greeley would probably need $22 million more in bond money for the project in another two years.

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