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Denison council directs publication of notices for $53M and $4.9M certificates; Series B tied to lead-service-line program
Summary
The council approved resolutions to publish notice of intent to issue up to $53 million in Series 2025 A certificates and up to $4.9 million in Series 2025 B. Series A will fund water/sewer CIP and other projects; Series B will fund Denison’s share of a lead service line replacement program backed by Texas Water Development Board assistance.
The Denison City Council voted unanimously to direct publication of notices of intent for two proposed combination tax and revenue certificates of obligation: Series 2025 A (principal not to exceed $53,000,000) and Series 2025 B (principal not to exceed $4,900,000).
Finance staff told the council Series 2025 A will primarily fund the city’s annual water and sewer capital-improvement plan, the D3 Phase 2…
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