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Gainesville council authorizes $2026 water/sewer revenue bond; $95 million to construction fund
Summary
The council unanimously approved a supplemental resolution authorizing Series 2026 water/sewer revenue bonds; the underwriter reported a bond yield just under 3.57% and an all-in cost of about 3.85%, with $95 million initially deposited to the construction fund and a planned closing Jan. 13, 2026.
The Gainesville Mayor and Council unanimously approved a supplemental resolution authorizing the Series 2026 water and sewer revenue bonds on Dec. 16.
Financial advisor Bill Camp (Raymond James) told the council the bonds were priced in the current market with an average life of about 13 years, a bond yield just under 3.57% and an all-in cost of roughly 3.85%. Camp said the issue sold at…
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