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Pflugerville OKs publication notices for $80 million+ in water financing; staff gives project updates
Summary
Council approved publication notices to begin the process of issuing $53 million and $27.18 million in certificates of obligation for the secondary Colorado River raw waterline and water treatment plant expansion, and staff described project progress and financing basics including use of WIFIA and Texas Water Development Board loans.
The Pflugerville City Council on Dec. 9 directed publication of notices for two planned certificates of obligation — $53,000,000 for the Secondary Colorado River raw waterline project and $27,180,000 for the water treatment plant expansion — the final pieces of financing for long-running utility projects.
Jeff Dunsworth, assistant utility director and city engineer, described construction progress on the secondary raw waterline: city-located sections are approximately 73% complete with 68% of the contract period elapsed; contractors are installing pipeline and pump-station equipment, and staff expects staged pump startup in the spring months. Dunsworth said crews were making up time as equipment deliveries arrived and that the project remains under active construction.
Dusty Trailer of RBC Capital Markets, the city’s municipal adviser, told council that the city expects favorable borrowing terms through state programs such as the Texas Water Development Board, which can reduce interest costs compared with open-market municipal bonds. He estimated meaningful annual interest savings for the city compared with typical capital-market rates. Staff said these issuances are intended to close near the time funds are needed rather than to park large sums.
Council also discussed the overall CIP and how WIFIA and other financing sources contribute to the utility capital plan. Staff said they will provide a reconciliation of expected debt issuances included in the FY26 utility capital budget so council members can see which projects make up the aggregated $316 million figure in the budget book.
