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Prosper council approves parameters for up to $34.85 million water and sewer revenue bonds
Summary
The Prosper Town Council unanimously adopted a parameters ordinance authorizing staff to issue up to $34.85 million in Water Works and Sewer System Revenue Bonds to fund a wastewater treatment plant, a parallel Doe Branch interceptor and part of a parks and public works service center, with issuance set for on or after Aug. 12, 2025.
The Prosper Town Council voted unanimously June 10 to adopt a parameters ordinance authorizing staff to issue and sell Town of Prosper Water Works and Sewer System Revenue Bonds, series 2025, in an amount not to exceed $34,850,000, with a true interest cost capped at 5% and a maximum maturity of 20 years. The bonds are expected to be issued on or after Aug. 12, 2025.
The bond proceeds are designated as new money to fund the construction of a wastewater treatment plant, a parallel…
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