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Frisco approves up to $92 million in certificates of obligation for water projects and Grand Park phase
Summary
Council approved a parameters ordinance authorizing certificates of obligation not to exceed $92 million to fund water and sewer projects and the first phase of Grand Park; the council affirmed the city's AAA ratings and set issuance parameters.
The Frisco City Council on Tuesday adopted a parameters ordinance authorizing the issuance of certificates of obligation not to exceed $92 million to finance water and sewer capital projects and the initial phase of Grand Park.
City Chief Financial Officer Derek Hahn told the council the package includes roughly $70 million for water and sewer…
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