Hawkins served as bond counsel and disclosure counsel to Tualatin Valley Water District (TVWD) on a $72.8 million bond financing that is the second of a multi part issuance for a new regional water supply source, the Willamette Water Supply System (WWSS).
WWSS is a partnership between TVWD, the City of Hillsboro and the City of Beaverton to develop the mid-Willamette River at Wilsonville as an additional water supply source. Total projects costs are expected to be $1.6 billion. This new system, expected to be operational in 2026, will provide a reliable water supply for the region by helping water system operators balance supply during times of drought or other supply interruptions, as well as recover more quickly after a large natural disaster. When completed, the WWSS will be one of Oregon’s most seismically-resilient water systems—built to better withstand natural disasters, protect public health, and speed regional economic recovery through restoring critical services more quickly.
Hawkins also represented TVWD on a $387.7 million loan under the EPA’s Water Infrastructure Finance and Innovation Act (WIFIA) for costs of the WWSS.
Client | Tualatin Valley Water District, Oregon |
Role | Bond Counsel and Disclosure Counsel |
Distinction | New Regional Water Supply Source |
Issuer | Tualatin Valley Water District, Oregon |
Issue Size | $72.8 Million |