Expansion of Buda’s wastewater treatment plant, along with a proposed Aquifer Storage and Recovery (ASR) project, were part of $27.8 million in certificate of obligation (CO) bonds approved by city leaders earlier this month.
Approval of the bond sale was made to Hilltop Securities Inc., through a competitive bid process, according to a press release.
The bonds were sold to Hilltop Securities with an average interest rate of 2.93 percent. The low rates will save Buda approximately $2.5 million over the life of the 25-year bond.
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