Wednesday, May 27, 2009

$182M bond sale approved for pipeline project


From Hill Country News, May 27, 2009...

Last Thursday, May 21, was a banner day for those who support the construction of the Brushy Creek Regional Utility Authority tri-city water infrastructure project - those opposing the project weren't quite so happy.

In a hearing in Austin, the Texas Water Development Board (TWDB) approved the sale of $182 million in bonds to fund Phase 1A of the project, which will include a pipeline along Trails End Road in Cedar Park and a water treatment plant with 17 million gallons per day capacity.

The $182 million bond sale approved on Thursday was part of a $475 million bond package funding several water infrastructure projects, including a $142 million project by the North Ft. Bend Water Authority. The bond sale is set to move forward on June 8 and 9, with a closing on July 7.

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