From Impact News, April 17, 2009...
Construction on phase 1 of the Leander, Cedar Park and Round Rock regional water system is being delayed several months to allow the financial markets to settle before the Texas Water Development Board issues approximately $309 million in bonds to pay for the first portions of the project.
Construction on phase 1 of the Leander, Cedar Park and Round Rock regional water system is being delayed several months to allow the financial markets to settle before the Texas Water Development Board issues approximately $309 million in bonds to pay for the first portions of the project.
Brushy Creek Regional Utility Authority Project Manager Chris Lippe said he is hopeful the wait will result in a more favorable interest rate.
“We believe [the interest rate] is going to be better than what it was a year ago,” Lippe said.
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