Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves $27.45 million first issuance of 2024 general obligation bond package; sale closes June 18
Summary
Sugar Land on May 20 authorized the issuance of general obligation bonds series 2025, the first sale from the voter-approved bond package, to fund 18 projects totaling about $27.45 million; Huntington Securities Inc. was the winning bidder and the sale carries an interest cost of about 4.06 percent.
Sugar Land staff presented Ordinance No. 23-76 on May 20 to authorize issuance of the city’s general obligation (G.O.) bond series 2025, the first issuance from the voter-approved bond package. Council approved the ordinance by recorded vote (6-0) after staff summarized the projects and financing terms.
Finance director Jing Zhao said the issuance will fund 18 projects with an aggregate cost of about $27,450,000. Of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
