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Denison council approves ordinance to issue certificates of obligation for $16.95 million water-system project
Summary
Council authorized issuance of $5,085,000 in certificates of obligation to meet a 30% city match for a $16.95 million water-system improvements project funded in part by an $11.865 million TWDB grant; adviser said the true interest cost is about 2.8% amortized over 30 years.
The Denison City Council voted to approve an ordinance authorizing issuance of the city's combination tax and revenue certificates of obligation (series 2026-TWDB) to provide the city's 30% match for a Texas Water Development Board (TWDB) water‑system improvement program.
Public works staff told the council the total project cost is $16,950,000, with a required city…
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