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Grimes City sells $14.69M of GO bonds; Hilltop Securities selected as winning bidder
Grimes City Council · April 16, 2026
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Summary
The council approved Resolution 04-3126 authorizing the sale of $14,690,000 in general-obligation bonds; staff reported Hilltop Securities (Dallas) won the bid at a true-interest cost of about 3.4489%, and proceeds will finance city infrastructure and facility projects.
The Grimes City Council on April 14 authorized the sale of $14,690,000 in general-obligation corporate-purpose bonds and approved acceptance of the winning bid.
Finance staff Marcia said the city took bids at 10 a.m., received competitive proposals and the true-interest cost (TIC) range was…
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