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Council directs publication of notices to issue certificates of obligation for water improvements totaling up to $69M across two tranches
Summary
Council approved resolutions to publish notices of intent to issue certificates of obligation: up to $49 million (first tranche) and up to $20 million (second tranche) to help fund Hilltop Water Treatment Plant improvements, a new raw‑water intake, pump stations and transmission lines; staff said $10 million of the project will be grant‑forgiven under a TWDB program.
The council approved resolutions directing publication of notices of intent to issue certificates of obligation for water system improvements in two related transactions. Staff said these steps are required to proceed with financing associated with the city’s Texas Water Development Board (TWDB) Drinking Water State Revolving Fund (DWSRF) loan application.
Staff summarized the financing package and project scope: improvements to the Hilltop Water Treatment Plant, a new raw water intake, pump stations and…
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