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Pearland sold nearly $63 million in bonds to help fund city infrastructure improvement projects across the city.
The sale, authorized by City Council at its Aug. 24 meeting, includes about $59.5 million for water and sewer system projects and $3.6 million for other city projects, including drainage improvements, according to city documents.
What you need to know: The city's plan initially anticipated borrowing about $115 million for the projects, with the Aug. 24 bond sale reflecting a reduction of nearly $52 million from the original plan, according to city documents.
Diving in deeper: About $3.6 million of the bonds will go toward various infrastructure projects, including an extension of Reid Boulevard and traffic signal upgrades along Hwy. 35. The larger portion of the bond sale, about $59.5 million, will go toward water and sewer system projects, including several lift station improvements and water line replacements, documents show.
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