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Rio Rancho council approves parameters for up to $25 million utilities revenue bond for water and wastewater
Summary
The City of Rio Rancho governing body approved parameters for up to $25 million in utilities revenue bonds to finance water and wastewater improvements.
The City of Rio Rancho governing body approved parameters for issuance of up to $25,000,000 in utilities revenue bonds to finance water and wastewater system improvements.
Director Jaramillo told the council the financial services department "is seeking adoption of a parameters ordinance for issuance of utilities revenue bond with an aggregate principal amount not to exceed $25,000,000." He said the bonds are intended to fund projects identified in the utility capital improvement…
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