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Prosper approves roughly $50 million general obligation bond package, including $19.45 million for street projects and $~30 million refunding
Summary
The council adopted a parameters ordinance authorizing the issuance of general obligation refunding and improvement bonds (Series 2025) totaling just under $50 million, including about $19.45 million of new money for street and transportation projects and callable debt of roughly $30 million proposed for refunding.
The Prosper Town Council unanimously approved a parameters ordinance June 10 authorizing the issuance and sale of Town of Prosper general obligation refunding and improvement bonds, Series 2025. The package totals just under $50 million and includes approximately $19,450,000 in new money for street and transportation projects and about $30 million in callable debt proposed for refunding.
Finance staff explained that the new-money portion will fund street and…
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