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Council approves notice of intent to issue $8.225 million in certificates of obligation for water/sewer improvements
Summary
Angleton authorized a notice of intent to issue certificates of obligation (approximately $8.225 million) to fund wastewater treatment plant improvements; council discussed possible credit-rating impacts and timing of a planned October sale.
The Angleton City Council approved a resolution authorizing notice of intent to issue certificates of obligation of about $8.225 million to fund wastewater treatment plant improvements.
Staff and the city’s bond advisors discussed schedule and market timing. The planned sale is scheduled for Oct. 28; staff said the statutory notice and publication schedule requires a 45-day…
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