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Friendswood council approves $20.35M water and sewer revenue bonds; sale set for March 27
2518702 · March 6, 2025
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Summary
Council approved an ordinance authorizing issuance and sale of Water Works and Sewer System Revenue Bonds Series 2025. City advisers said the sale raised $20.35 million with an all-in interest cost of about 4.17% and the proceeds will fund system needs and reserves.
The Friendswood City Council on March 3 approved an ordinance authorizing the issuance and sale of City of Friendswood Water Works and Sewer System Revenue Bonds, Series 2025.
Bond advisers told council the sale totaled $20,350,000 in par bonds, produced about $1.838 million in premium, funded a required…
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