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Highland Village approves certificates of obligation to fund two street projects
Summary
The Highland Village City Council approved an ordinance to issue certificates of obligation to fund reconstruction work on Highland Shores Boulevard and Highland Village Road after receiving competitive bids and a favorable S&P credit review.
The Highland Village City Council on Sept. 9 approved an ordinance authorizing the issuance and sale of combination tax and revenue certificates of obligation series 2025 to fund reconstruction of Highland Shores Boulevard and Highland Village Road.
City staff and the city's financial adviser presented results of a competitive sale earlier that day. Amber Chen of Hilltop Securities told the council the city again received a triple-A rating from Standard & Poor's and received four bids in the competitive…
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