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County adviser outlines $31.7M first phase of transportation bond; sale targeted May 27
Summary
Hilltop Securities briefed the court on the county’s transportation bond plan: the first phase is approximately $31.7 million, the sale is planned for May 27 with closing June 24, underwriters named and an interest-rate cushion included in budget projections.
Johnson County’s financial adviser, Hilltop Securities, updated the Commissioners Court on April 28 about the county’s transportation bond program and the planned financing timeline.
Jorge with Hilltop summarized the plan: the program will be sold in at least two phases, with the first phase financing roughly $31.7 million in projects identified for spending within three…
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