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Manvel council signs off on SMDA bond steps to reimburse Meridiana developer
Manvel City Council · October 21, 2024
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Summary
Council approved a resolution allowing the South Meridiana Development Authority to proceed with bond issuance steps to reimburse developer Meridiana; staff cited an estimated $3,000,000 bond (final amount depends on market and interest rates).
Manvel — The City Council approved a resolution enabling the South Meridiana Development Authority (SMDA) to proceed with steps to issue bonds that would reimburse developer Meridiana for approved capital investments.
Tammy explai…
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