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Leander approves up to $132.1 million in certificates of obligation; deal priced at about 4.46%
Summary
Council authorized issuance of combination tax and revenue certificates of obligation not to exceed $132,100,000 to fund public safety, streets, water/wastewater, parks and administrative facilities; advisers reported affirmed credit ratings and a sale yielding about a 4.46% interest rate.
The Leander City Council on Sept. 18 authorized the issuance of up to $132,100,000 in combination tax and revenue certificates of obligation to finance public works and public safety projects.
Use of proceeds City staff and financial advisers said proceeds will be used for a range of capital needs, including renovating…
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