Del Rio council approves financing package and principal-forgiveness agreement for water upgrades
The Del Rio City Council unanimously approved a principal-forgiveness agreement for a lead service line replacement program and three ordinances authorizing certificates of obligation totaling $17,858,580 to fund water system improvements, with one ordinance amended to set the final amount at $17,003,580.
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The Del Rio City Council on Jan. 13 unanimously approved a resolution and three ordinances to finance water system improvements, including a principal-forgiveness agreement for a lead service line replacement program and certificates of obligation sold to state entities.
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