Wills Point, Texas (April 2019): The City of Wills Point announces the closing of a $4,500,000 Certificates of Obligation, closed in conjunction with the Texas Water Development Board State Revolving Fund. The bond proceeds will be utilized for the City of Wills Point’s fresh water system, infrastructure improvements and storage facilities. Construction is scheduled to begin later this year. Pam Pearson, City Administrator, stated “The completion of this project will save the city maintenance and repair expenses that have been escalating considerably every year. This much needed project will increase water quality for every citizen.”
The project engineering and designs are being provided by Schaumburg & Polk, Incorporated. McCall, Parkhurst & Horton LLP served as bond counsel in connection with the project. Additionally, Government Capital Securities Corporation (GCSC) was selected by the city to serve as the Financial Advisor in connection with the issuance of the Certificates of Obligation.
“I would like to congratulate the City Council and staff on the completion of this important project. We take great pride in assisting Texas municipalities in working through the complexities associated with the Texas Water Development Board Program.”, stated Jake Lawrence, Government Capital Securities Corporation Financial Advisor.
About the City of Wills Point
With a population over 3,500, Wills Point is located about one hour east of the DFW Metroplex. Wills Point was declared the official “Bluebird Capital of Texas” by former Governor, George W. Bush. For over 25 years, the City of Wills Point’s annual Bluebird Festival has attracted car enthusiasts, as well as, local graduating seniors vying for the W.P. Bluebird Festival Association Scholarship. For more information, please visit willspointtx.org.
About Government Capital Securities Corporation
GOVERNMENT CAPITAL SECURITIES CORPORATION (GCSC) is a privately held securities firm headquartered in Southlake, Texas. Since 1999, the firm has offered its clients a broad range of Public Finance services. For more information, visit govcapsecurities.com.
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