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Council approves wastewater treatment revenue bonds after 10 bids and A+ rating confirmation
Summary
Liberty Hill authorized the issuance of wastewater treatment facility revenue bonds (Series 2026) after receiving 10 bids; TRB Capital Markets submitted the low bid at 4.099917% and S&P affirmed an A+ rating with a stable outlook. The ordinance passed 6-0.
The Liberty Hill City Council approved an ordinance authorizing the issuance of wastewater treatment facility revenue bonds (Series 2026) during its meeting.
City financial staff said the interest rate and repayment schedule were received shortly before the meeting; the city’s financial advisor, Dan Wegmiller of Specialized Public Finance, reported that the city received 10 bids on the bonds and recommended the low bidder, TRB Capital Markets, at an interest rate of approximately 4.099917 percent. Wegmiller said Standard & Poor’s affirmed an A+ rating with a stable outlook for the city’s regional wastewater credit.
Council members asked whether bid terms differed beyond interest rates; Wegmiller said all bidders used the same bid form required by the ordinance and that the bids differed primarily by rate and amortization shape. Council moved to approve Ordinance 2026-O-001 with the amendment reflecting the bids and the motion passed 6-0.
Staff said the bonds are being sold on an all-or-none basis to finance capital projects cited in the city’s packet; council accepted the financial advisor’s recommendation and approved the ordinance.
