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Athens council approves $8 million water and sewer bond package, citing $1.6M–$1.7M savings
Summary
The Athens City Council on Jan. 12 approved an ordinance authorizing issuance of Waterworks and Sewer System Revenue Bonds, Series 2026, to finance wastewater-plant projects; council also authorized related accounts and heard staff spell out the loan terms and projected savings.
The Athens City Council on Monday approved an ordinance authorizing issuance of the City of Athens Waterworks and Sewer System Revenue Bonds, Series 2026, to finance improvements at the city wastewater treatment facilities and related projects.
Hilltop Securities representative Marti Shew told the council the city intends to use the Texas Water Development Board for subsidized financing. The final true interest cost was stated as 2.5 percent, which Shew said yields about $1.6…
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