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Ingleside council authorizes notice of intent to issue certificates of obligation, reimbursement resolution and sufficiency letter for wastewater plant
Summary
The Ingleside City Council approved a series of financing steps — a notice of intent for certificates of obligation, a reimbursement resolution and a sufficiency letter to the Texas Water Development Board — to secure funding for a planned wastewater treatment plant.
The Ingleside City Council approved a package of financing measures to keep a wastewater treatment plant project on schedule, voting to publish a notice of intent to issue certificates of obligation, adopt a reimbursement resolution, and send a letter to the Texas Water Development Board confirming the city has or will have sufficient funds.
Financial advisers and city staff told the council that the city needed to begin the certificates of obligation (CO) process to lock…
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