Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Farmers Branch approves up to $5.5 million in general obligation bonds for water infrastructure
Summary
The council unanimously adopted Ordinance No. 3938 authorizing issuance and sale of up to $5.5 million in general obligation bonds for water infrastructure; city manager said the bonds were part of a multi-year funding plan and would not raise the property tax rate.
The City Council voted unanimously Aug. 5 to adopt Ordinance No. 3938, authorizing the issuance and sale of City of Farmers Branch, Texas general obligation bonds, series 2025, in an aggregate principal amount not to exceed $5,500,000 to fund water infrastructure projects.
"This is being concluded in the budget that you have seen, the proposed budget, and it's gonna tie directly to water infrastructure," Ben Williamson, City Manager, said during the presentation. Williamson told the council the bond issuance is part of a broader…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
