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Council OKs up to $34.63 million in KDA metro contract revenue bonds to fund mobility projects
Summary
Council voted to authorize Katy Development Authority contract revenue bonds, series 2026, not to exceed $34,630,000, a package of projects council members said will fund mobility and complementary drainage work paid from metro sales tax proceeds.
The Katy City Council on Jan. 26 authorized the Katy Development Authority to issue contract revenue bonds, series 2026, in an amount not to exceed $34,630,000 and confirmed assignment of certain contract revenues, staff said.
City officials described the bond package as funding six projects — principally in Ward B — that will improve…
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