Canyon City Commission to vote on issuing $4.1 million in debt to buy land for wellfield

Updated: Jun. 18, 2021 at 3:36 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

CANYON, Texas (KFDA) - The Canyon City Commission will consider a contract Monday to buy land for a water wellfield and issuing $4.1 million in debt to pay for it.

According to the meeting’s agenda, the purchase price would be $6,600 per acre for 624. The debt would be paid over 10 years from income from the city’s water and sewer revenue.

The city will also consider publishing notice of issuing the debt before a final vote a month and a half later.

Copyright 2021 KFDA. All rights reserved.