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Weslaco staff recommend a conservative $30 million bond option, outline projects and timeline for 2025 issuance
Summary
Finance staff presented options for a 2025 bond program, proposing a $30 million issuance (rather than $35 million capacity) to fund drainage, water/wastewater, a public-safety substation and other infrastructure; timeline includes a special meeting on July 31, 2025 and a potential closing Aug. 27, 2025.
City finance staff briefed the commission on June 3 on the proposed composition and timing of a 2025 bond program. The team said the city initially developed a $25 million project list and, after meetings with the financial advisor, identified capacity to add another $10 million — up to $35 million total — but staff recommended a conservative $30 million sizing to preserve fiscal flexibility.
Staff outlined how the additional $10 million could be allocated: Phase 4 of Mount 10 North…
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