The city of Hutto is planning to issue roughly $77 million in bonds for upcoming utility projects and for the design of a new justice center.
Overview
More than $72.5 million of the bond funding will help support capital improvement projects for the city’s utility system. These projects include:
- Southeast Loop Wastewater Interceptor: $24.9 million
- Brushy Creek Interceptor Phase 4: $32.67 million
- Avery Lake Interceptor Phase 1: $8.94 million
- Avery lake Interceptor Phase 2: $6.03 million
Andre Ayala, financial adviser with HilltopSecurities, said in an Oct. 17 City Council meeting that the certificate of obligation bonds would be secured by the city’s property taxes and its revenue collected from utility services. However, he added that the debt would likely be repaid solely by the utility revenues. Hutto has been undergoing a series of water and wastewater infrastructure projects, including the South Wastewater Treatment Plant the city broke ground on last year.
