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El Campo council approves bond issuance to finance wastewater treatment plant improvements
Summary
The City Council approved Ordinance 2025-09 authorizing a certificates-of-obligation bond sale to fund improvements to the wastewater treatment plant after a competitive sale; Raymond James submitted the winning bid and purchased bond insurance for its resale.
The El Campo City Council on April 28 approved Ordinance 2025-09 authorizing the issuance of certificates of obligation to fund improvements to the city’s wastewater treatment plant.
Council action follows a competitive sale held the same day. James Gilly of US Capital Advisors, the city’s financial advisor, told the council the city received seven bids and that Raymond James of Dallas submitted the winning bid with an initial true interest cost of about 4.29 percent. “This morning…we received a total of 7 bids,” Gilly…
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