Runaway Bay, Texas (June 2019): The City of Runaway Bay announces the closing of a $3,200,000 Certificates of Obligation. The proceeds are being utilized for repairs and improvements to the city’s combined waterworks and wastewater system. The project which is currently underway is expected to be completed in April 2020. As demonstrated from citizens packing city hall at council meetings, the city’s vision for this project is finally coming to fruition.
The project design and engineering were provided by Kimley-Horn and Associates, Inc. out of Fort Worth, Texas. Government Capital Securities Corporation (GCSC), who has represented the city since 2012, served as Financial Advisor in connection with the Certificates of Obligation.
“It is great to see how the city council and citizens came together on this project. Once the project scope was completed, they were able to move quickly,” stated D’Anne Carson, Vice President of Government Capital Securities Corporation.
About the City of Runaway Bay
Runaway Bay nestled in Wise County, is an attractive affluent lakeside community, with access to the Dallas Fort Worth-Arlington metropolitan area. The city has a developing retail sector that complements its recreational segment, mainly fishing and golf. The Club at Runaway Bay was featured in Golf Digest as one of the “Best Places to Play.” For more information, please visit runawaybaytexas.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, General Obligation Bonds, Tax Notes, Texas Water Development Board Obligations and related continuing disclosure reporting obligations. For more information, visit govcapsecurities.com.
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