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Hurst council approves $4.57 million certificates of obligation for infrastructure repairs
Summary
The Hurst City Council approved issuance of $4,570,000 in certificates of obligation to fund street, drainage, water and wastewater repairs. The sale produced a 4.11% average borrowing cost and a $106,000 cash premium from the winning bidder, Raymond James.
The Hurst City Council voted to adopt Ordinance 2600, authorizing the issuance of $4,570,000 in Tax and Waterworks and Sewer System Limited-Pledge Revenue Certificates of Obligation, Series 2025, on first and final reading.
City staff and financial advisers said the certificates will fund basic infrastructure projects including streets, drainage, water and wastewater…
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