Waxahachie, Texas (July 2019): Buena Vista-Bethel SUD announces the closing of $3,410,000 of Water System Revenue Bonds, Series 2019. The bond proceeds will be utilized for water well and water main improvements. The infrastructure improvements are being implemented immediately with completion estimated in the fall. Joe Buchanan, General Manager of Buena Vista-Bethel Special Utility District, stated: “This much-needed project will increase water quality for every citizen.”
The project engineering and designs are being provided by Childress Engineering Services. Naman, Howell, Smith & Lee, PLLC served as bond counsel in connection with the project. Additionally, Government Capital Securities Corporation (GCSC) who has represented the district since 2017, served as Financial Advisor in connection with the issuance of the Water System Revenue Bonds.
“I would like to commend everyone at Buena Vista-Bethel SUD for their hard work on this important project. We take great pride in assisting Texas municipalities develop financing solutions fitting their current and future needs,” stated Ted Christensen, Government Capital Securities Corporation President.
About Buena Vista Bethel Special Utility District
Located in the City of Waxahachie, Ellis County, just south of Dallas, Buena Vista-Bethel Special Utility District serves approximately 1,500 connections throughout their service area. Prior to their conversion to a special utility district in 1992, the Buena Vista-Bethel Water Supply Corporation has faithfully served the fresh water needs of their area since 1964. For more information, please visit www.bvbsud.com.
About Government Capital Securities Corporation
GOVERNMENT CAPITAL SECURITIES CORPORATION (GCSC) is a privately held municipal advisory firm headquartered in Southlake, Texas. Since 1999, the firm has offered its clients a broad range of Public Finance services including, planning and structuring guidance related to Certificates of Obligation, Revenue Bonds, Tax Notes, Texas Water Development Board Obligations and related continuing disclosure reporting obligations. For more information, visit www.govcapsecurities.com.
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