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Council approves certificates of obligation split into two series to fund lead service line replacements
Summary
Denison City Council approved two ordinances authorizing the issuance of taxable combination tax and surplus revenue certificates of obligation, series 2025B and 2025C, to fund the city's lead service line replacement program.
The Denison City Council on Monday approved two ordinances authorizing the issuance of combination tax and surplus revenue certificates of obligation, taxable series 2025B and series 2025C, to finance the city's mandated lead service line replacement program.
Lori Alsaba, speaking to the council, said the two series are parts of the same financing and carry low interest with principal forgiveness through the Texas Water Development Board. She said the ordinances had been before the…
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