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Crockett approves $3.4M water-line financing package and principal-forgiveness agreement with TWDB
Summary
Council approved ordinances and a resolution to issue certificates of obligation and accept a Texas Water Development Board package for a $3.4 million water-line replacement project, including about $1.74 million in principal forgiveness; the council also adopted an updated water-conservation plan required for TWDB funding.
The Crockett City Council on March 7 approved a financing package and related resolutions to advance a planned water-line replacement project.
Ben Rosenberg of US Capital Advisors and Aaron Roberts (Graysville) told council the total project cost is about $3.4 million. Roberts said the package includes roughly $1.74 million described in the presentation as…
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