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Killeen Council approves $37.5 million water and sewer bonds and $3.55 million airport lease bonds
Summary
The City of Killeen held a public hearing and approved ordinances authorizing a $37.5 million water and sewer revenue bond and a $3.55 million combination lease and airport revenue bond. Standard & Poor’s assigned an AA rating and Janney Montgomery Scott and First National Bank submitted the winning bids.
KILLEEN, Texas — The Killeen City Council on June 17 approved ordinances authorizing two bond issues: $37,500,000 in water and sewer revenue bonds and $3,550,000 in combination lease and airport revenue bonds.
City finance staff and bond advisors said the water and sewer issue received unusually strong market interest, drawing 15 bids. Dan Wegmiller of Specialized Public Finance said Standard & Poor’s assigned the water and sewer bonds an AA rating, citing the city’s residential customer base and regional economic role anchored by Fort Cavazos. Wegmiller said the winning bid…
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