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Denison council directs publication of notice to issue up to $5.085 million for water-system improvements
Summary
The Denison City Council unanimously directed publication of notice of intent to issue up to $5,085,000 in combination tax and revenue certificates of obligation to support water-system improvements tied to Texas Water Development Board loan/grant programs; the project is aimed at mitigating water loss from aging infrastructure.
Denison City Council members voted unanimously Oct. 20 to direct publication of notice of intent to issue combination tax and revenue certificates of obligation not to exceed $5,085,000 to finance water-system improvements.
Ms. Aussabaugh, presenting the item, said the financing works with Texas Water Development Board loan‑assistance programs and that the effort aims to mitigate significant water loss the city attributes to aging infrastructure. She told the council bond counsel…
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