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PUB recommends $11.235 million TWDB bond for Ray Roberts treatment plant expansion
Summary
Board members reviewed and recommended a Texas Water Development Board utility system revenue bond ordinance for $11,235,000 to finance an expansion of the Ray Roberts treatment plant that will add 20 MGD now and 30 MGD of future capacity; staff said TWDB subsidy lowers expected interest to about 3.32%.
Denton staff presented and the Public Utility Board recommended action related to a Texas Water Development Board (TWDB) financing for the Ray Roberts water treatment plant expansion.
Matt Hamilton (finance) told the board the city previously entered the TWDB financing program and that this agenda item represents the second year of a multi-year financing plan through the State’s SWIFT program. The financing would provide $11,235,000 in principal to fund Ray Roberts treatment plant expansion. Staff said the…
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