The Bell County Water Control and Improvement District No. 1 board of directors unanimously approved a bond order that authorizes the issuance of bonds for the Belton Lake Water Treatment
City of Cove issues $8.215M in certificates of obligation kdhnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kdhnews.com Daily Mail and Mail on Sunday newspapers.
Sherman issues $34M in debt amid historic low rates
Herald Democrat
In an attempt to take advantage of record or near-record low interest rates, Sherman issued nearly $34 million of bonds this week.
The bonds came in two separate issuances, including $29 million that was previously discussed by city leaders in recent months. In late 2020, city officials considered issuing this debt ahead of projects so that the city could utilize historic lows on interest rates. City staff felt a decision needed to be made quickly, as rates were not expected to remain low much longer.
These funds will be utilized for routine fleet upgrades for the city. The vehicles that will be purchased include a dump trick, bucket truck, front-loader truck, fire engine and ambulance, among others.