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Pflugerville Community Development Corporation to issue $18.275 million in sales-tax revenue bonds; council ratifies
Summary
Council ratified the PCDC's issuance of $18,275,000 in sales-tax revenue bonds to help finance a land purchase; bonds are taxable, carry a 5.49% interest rate and were rated AA- by S&P for PCDC.
City Council ratified Jan. 28 a Pflugerville Community Development Corporation decision to issue $18,275,000 in sales-tax revenue bonds, taxable series 2025, and took other related approvals to allow PCDC to proceed.
Dusty Traylor, financial adviser with RBC, told the council that the bonds were sold in the public debt market to finance part of a purchase of roughly 54 acres of land by PCDC.…
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