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Crockett council approves ordinance to enter State Infrastructure Bank loan for street and water upgrades
Summary
The City of Crockett voted to approve an ordinance authorizing a State Infrastructure Bank loan expected to fund about $6,000,000 in street and water infrastructure upgrades, with staff saying the financing should limit tax impacts and paperwork will be completed next week.
The City of Crockett council voted to approve an ordinance authorizing a State Infrastructure Bank (SIB) loan agreement intended to finance street and water infrastructure upgrades. City staff said funding is expected next week and described a roughly $6,000,000 project that would cover multiple streets and related underground utility work.
Ben Rosenberg, the city’s finance consultant, told the council the city…
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