Georgetown City Council approves $106M utility revenue bonds for infrastructure projects

The Georgetown City Council meeting on April 22, 2025, focused on significant financial decisions, including the approval of general obligation bonds and utility revenue bonds to support various city projects.

The council discussed the issuance of general obligation bonds, specifically Series 2025A, which will fund projects such as the animal shelter. The bonds will have a maximum term of 20 years, aligning with the terms outlined in the voter documents. The council approved the issuance with a motion that passed unanimously.

Additionally, the council addressed the issuance of utility revenue bonds totaling $106.4 million, aimed at financing water, wastewater, and electric projects. These bonds will be supported by utility rates and will have a term of 25 years. The council authorized the delegation of the sale of these bonds, which is scheduled for June 2025.

In a more personal note, the meeting marked the last for a council member, Mike, who received appreciation from fellow members for his five years of service. The council presented him with a gift, symbolizing their gratitude for his contributions.

Overall, the meeting underscored the council's commitment to advancing city infrastructure while also recognizing the dedication of its members. The next steps involve finalizing the bond sales and continuing to support essential city services.