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Council authorizes sale parameters for up to $54 million in general‑obligation bonds to fund street projects
Summary
The council approved an order setting parameters to issue up to $54 million in general‑obligation bonds to fund voter‑authorized street projects; staff expects to price about $49 million next week and reported AA+ ratings from S&P and Fitch.
The Lubbock City Council on March 25 adopted an order authorizing the issuance of general‑obligation bonds in parameters not to exceed $54,000,000 to fund street projects approved by voters in prior bond elections.
Finance staff and outside municipal advisors reported the city expects to price approximately $49,000,000 of bonds that correspond to…
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