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Schertz briefed on proposed $15 million SSLGC bond; council to consider ratification Feb. 18
Summary
Presenters told the Schertz City Council an issuance by the Schertz‑Seguin Local Government Corporation would borrow up to $15,000,000 for water‑system capital improvements; formal ratification by both cities is scheduled for Feb. 18.
Schertz City Council heard an informational presentation Tuesday about a proposed Schertz‑Seguin Local Government Corporation (SSLGC) bond issuance that would allow the corporation to borrow up to $15,000,000 for water‑system capital improvements, presenters said.
The presentation matters because both the city of Schertz and the city of Seguin must authorize SSLGC to enter the bond market before the corporation can price and close the sale. Andrew T. Friedman,…
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