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Weatherford council votes to publish notice for up to $80 million certificates of obligation for water and wastewater projects
Summary
The Weatherford City Council approved publication of a notice of intent to issue up to $80 million in certificates of obligation to fund water and wastewater infrastructure; staff said utility revenues will repay the debt and the city will return in June for final authorization. A resident raised concerns about city debt and transparency.
The Weatherford City Council voted to publish a notice of intent to issue up to $80,000,000 in certificates of obligation to fund water and wastewater projects, council members approved the item after a staff presentation and a public comment critical of the size and public outreach.
Don Brooks, chief financial officer for the city of Weatherford, told the council the notice would be the first step in a two-step process and that the proposed issuance would allocate about $55,000,000 to water improvements and $25,000,000 to wastewater improvements.…
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