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New Braunfels council approves $62.65 million general obligation and refunding bond ordinance
Summary
The City Council approved an ordinance authorizing up to $62.65 million in general obligation and refunding bonds, including $40 million to fund projects in the 2023 bond program and up to $22.65 million for refunding prior issues subject to minimum savings conditions.
The New Braunfels City Council on July 14 approved an ordinance authorizing the issuance of up to $62,650,000 in general obligation and refunding bonds to finance projects from the city’s 2023 bond program and to refund certain older debt. Council member Ryan moved approval and Council member Lebowski seconded; the measure passed on a roll-call vote with Capizzi, Spradling, Lebowski, Ryan and Mayor Leonard voting aye and two members absent.
City staff described the package as two parts: a $40 million “new‑money” issuance to support the 2023 bond program (propositions A,…
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