Pleasanton council approves $11.05M TWDB loan request, $35M volume‑cap reservation and investment pool participation

Pleasanton — The City Council on Dec. 5 approved several finance and investment actions to support utility improvements and future housing development.

Council adopted resolution 320‑24 authorizing the city to request financial assistance from the Texas Water Development Board in the principal amount of $11,048,500 for construction of public improvements to the city’s utility system. Missus Hartman moved the resolution; council members asked whether the figure is a set application amount and were told it is a set principal amount being applied for and could be adjusted in later steps. “It’s the set amount that we’re applying for,” a staff member said when asked whether the application was up to $11 million.

Council also adopted resolution 321‑24 to authorize the Pleasanton Public Facility Corporation to apply for a $35,000,000 carry‑forward volume cap reservation for the Main Street Apartments project. Council moved and seconded the resolution and the motion carried.

Earlier the council approved participation in pooled investment vehicles: resolution 317‑24 to join the U.S. Fixed Income Trust investment pool and resolution 318‑24 to participate in the Texas cooperative liquid asset security program (TexasCLASS). The measures designate authorized representatives and allow the city to place idle funds in pooled investments.

Council additionally adopted resolutions declaring surplus fire equipment and authorizing sale of a surplus fire truck to Bexar County ESD No. 7. Together, these actions advance financing and asset management decisions that the city says will support utility upgrades and the Main Street redevelopment project. Further steps — including application submission to TWDB, bond counsel coordination, and any debt issuance — will follow normal procedural reviews.