Flower Mound Town Council approved an ordinance June 19 authorizing the issuance of certificate of obligation bonds for nearly $7.9 million for the purpose of paying for water works and sewer system improvements and establishing parameters for the sale and issuance of such bonds, among other aspects of the ordinance.
The background
The certificates will pay for the contractual obligations incurred for water and wastewater projects approved in the fiscal year 2022-23 five-year capital improvement program, according to a council agenda memo. In October, the council approved a reimbursement resolution for an amount not to exceed $7.9 million to fund improvements to water and wastewater system projects and the costs of issuance of the debt.
The details
