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Hutto council hears plan to issue roughly $75–78 million in certificates of obligation and bonds for wastewater and Justice Center design
Summary
City financial advisor and staff outlined a plan to issue certificates of obligation (COs) and general obligation (GO) bonds to fund wastewater projects and design of a Justice Center, with a timeline that could bring execution in January and closing in mid-February.
City officials on Oct. 16 heard a plan of finance for issuing certificates of obligation and general obligation bonds to pay for wastewater projects and design work on a proposed Justice Center.
Finance Director Alberta Barrett described the two-part financing package and introduced Andre Alla of Hilltop Securities, the city's financial adviser, who explained the mechanics and schedule. Alla said the city expects to issue about $72.5 million in COs to fund utility improvements and…
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