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Crockett council approves notice to seek $3.4 million in water-line funding
Summary
The city agreed to publish notice of intent to issue certificates of obligation to secure a $1.7 million principal-forgiveness grant and a $1.7 million 0% loan from the Texas Water Development Board for water-line replacements, with final loan approval to return in March.
The Crockett City Council on Jan. 2022 approved a resolution to publish notice of intent to issue certificates of obligation so the city can secure funding for a $3.4 million water-line replacement project.
City staff said the package from the Texas Water Development Board’s Drinking Water State Revolving Fund pairs $1,700,000 in principal forgiveness with a $1,700,000 0% interest loan. A consultant briefed…
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