Denton Public Utility Board approves $250M bond issuance for infrastructure growth

The Public Utility Board (PUB) meeting for the City of Denton convened on May 19, 2025, at 9:00 AM, focusing on key agenda items related to utility management and infrastructure funding.

The meeting commenced with a call to order, followed by a brief public comment period, which yielded no presentations. The board then moved to the consent agenda, where items B and C were approved unanimously after a motion and second. Item A was pulled for further discussion, specifically regarding a contract that includes an initial study and ongoing maintenance costs. The board confirmed that this contract would provide annual cost of service updates over a five-year period, leading to its unanimous approval.

Subsequently, the board reviewed the minutes from previous meetings, with both the April 28 and May 5 minutes receiving unanimous approval.

A significant portion of the meeting was dedicated to discussing the notice of intent to issue $46,535,000 in certificates of obligation (COs) for various utility projects. Randy Klingle, the treasury manager, outlined the necessity of this notice as mandated by state law. He detailed the allocation of funds across several utility sectors: $11.1 million for solid waste, $80.6 million for water utility projects, $77.1 million for wastewater, and $47.9 million for electric utility. The total proposed funding for the utility system amounts to approximately $250 million, aimed at supporting infrastructure growth in Denton.

Klingle emphasized that these funds would facilitate essential projects, including the expansion of the Ray Roberts Water Treatment Plant and upgrades to aging water and wastewater lines. The board was informed that the next steps include a review by the city council following the PUB's recommendation, with a full bond ordinance expected to return to the PUB on June 23 and a bond sale scheduled for July 23.

In conclusion, the meeting underscored the board's commitment to addressing the growing infrastructure needs of Denton, ensuring that necessary funding mechanisms are in place to support the city's development.