Granbury, Texas Development News
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City Staff Praised for Teamwork and Dedication Amidst Challenges
Assistant City Manager Chris Sharp recognized city staff for their exceptional teamwork in handling a large-scale mailout project with a short deadline. He highlighted the collaborative effort across departments, including water, sewer, and finance, to distribute 2,500 mailouts and post notices online within three days. Sharp also acknowledged the dedication of workers in the street, electric, and trash departments who are working in extreme heat conditions.
City Council Approves $20 Million in Certificates of Obligation for Road Improvements
The City Council approved the issuance of City of Granberry, Texas Combination Tax and Revenue Certificates of Obligation Series 2026, totaling $18,475,000, with a premium received from the underwriter, TD Financial Products, contributing to the total project funds. These certificates will be used for road improvements throughout the city. The financial advisor presented details on the successful competitive sale, highlighting the city's strong double-A credit rating from S&P, the market conditions, and the projected impact on the tax rate, which is estimated to increase by approximately five cents. The funds will be allocated to the project fund, with costs of issuance and underwriter's discount detailed. The debt service schedule indicates an increase in annual payments from $4.5 million to approximately $6.9 million, paid from ad valorem taxes.
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The Granbury News archive
Granbury City Council Meeting: July 21, 2026
Granbury City Council, July 21, 2026: City Manager with encouraging words to recognize City staff
Granbury City Council, July 21. 2026: City Council approves $20M in Certificates of Obligation
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