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AA+ bond rating confirmed in Highland Village
From staff reports
At the May 22 meeting, The Highland Village City Council approved an ordinance authorizing the issuance of certificates of obligation for refunding 2004 Utility Bonds and the issuance of debt that includes various street maintenance and parks projects.
The refunding of $4.9 million utility fund debt will result in a total savings of $610,068. The tandem issuance is for core street construction and drainage projects as well as long identified park enhancements at Unity Park including additional parking and restroom enhancements. Standard & Poor’s (S&P) confirmed the city’s current AA+ bond rating for this issue. This strong rating enabled the City to forgo bond insurance, as this rating exceeds that of the insurer.
Ceremonial oaths of office were conducted for incoming council members Michelle Schwolert, Louis Robichaux, John McGee, Fred Busche and Mayor Pat Davis. Council member Charlotte Wilcox was chosen as mayor pro tem, and council member Louis Robichaux was chosen as deputy mayor pro tem.
The ordinance is an effective tool for proactive-preventative measures to ensure a high quality of life in the city, reduces juvenile crime and delinquent conduct and helps to prevent juveniles from becoming crime victims themselves.
During the city manager’s report, the HVTV Update invited residents to attend the Red, White & Blue Festival which will take place on June 2.
Morning Events at Unity Park:
7 a.m. 5K/1K Run registration
Sponsored by Marcus High School Cross Country and Track
8 a.m. Run begins
9 a.m. Family fish out
10:30 a.m. Arbor Day Proclamation
Evening Events at Copperas Branch Park
5 p.m. gates open
6 p.m. Cory Morrow
8:15 p.m. Cody Canada & The Departed
Grand Finale Fireworks Extravaganza
More information is available at www.highlandvillage.org.
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