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Tyler council hears plan to issue about $45 million in revenue bonds for sewer, water compliance projects
Summary
The Tyler City Council on a May meeting received a presentation on a proposed issuance of about $45,000,000 in revenue bonds to finance regulatory-compliance water and sewer projects tied to an EPA consent decree.
The Tyler City Council on a May meeting received a presentation on a proposed issuance of about $45,000,000 in revenue bonds to finance regulatory-compliance water and sewer projects tied to an EPA consent decree.
Keidrick, a city staff member who introduced the item, told the council the bond proceeds would fund projects including multiple project groups, creek crossings and lift stations and that the city expects to increase a regulatory compliance fee next budget year to help pay debt service. "That fee,…
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