Highland Village City Council members unanimously approved selling around $7.08 million in certificates of obligation at a Sept. 9 meeting .
Certificates of obligation are used by city governments to fund projects that maintain city infrastructure, according to city documents.
These funds will be used for the reconstruction of Highland Shores Boulevard and Highland Village Road, with Denton County providing a 50% funding match for both projects, according to city documents.
The specifics
Amber Chien, assistant vice president at Hilltop Securities , gave a presentation about the certificates of obligation to members of the Highland Village City Council at the Sept. 9 meeting.
The Highland Shores Boulevard project—which will cost the city $5.5 million—covers the section from Bria