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Pecos council approves $24.75 million USDA certificates of obligation for water projects
Summary
The Pecos City Council voted to approve an ordinance authorizing issuance of $24,750,000 in combination tax and revenue certificates of obligation to fund water system improvements under USDA financing terms.
The Pecos City Council on July 24 approved an ordinance to issue $24,750,000 in combination tax and revenue certificates of obligation to finance water utility projects, including transmission lines and wells, under U.S. Department of Agriculture (USDA) financing terms. Councilman Arona made the motion to approve Ordinance 25-O-7-O1; Councilman Saldana seconded, and the motion carried.
City Manager Charles Lino introduced the item as…
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