Daily Progress, Jacksonville, TX

Local News

June 14, 2012

Rusk council to consider contracts

RUSK — The Rusk city council will consider several different financial contracts at its meeting today at 5 p.m. in the Rusk city council chambers.

The council will hear a presentation from bond advisors regarding refinancing of city bonds and potentially issuing new bonds for city projects.

Members will hear and possibly act on a request from the Kampgrounds of America (KOA) for early payment and reduction in principle on a loan from the city.

The council may approve a proposed ONCOR ROW franchise agreement and hear proposals for an electricity contract for the city.  A modified contract with Allied Waste for hauling may also be approved.

A contract between the Texas State Railroad Authority and American Heritage Railways may also be approved for the operation of the Texas State Railroad and relating property.

 

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