County hears bond‑refunding plan; advisers recommend 3% minimum net present value savings
Hilltop Securities presented a delegated parameter order to allow Parker County officials to refinance callable bonds if market rates fall; the presentation focused on Series 2017 ($31.17M callable) and recommended a 3% present‑value savings threshold. The court agreed to collect signatures on an order to open a one‑year window for action.
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Hilltop Securities' financial adviser George Williford told the court on Sept. 28 that the county can establish a delegated parameter order to give staff and the judge authority to approve sale pricing for a possible refunding of callable county bonds if market conditions improve.
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