Hutto to purchase water system for $59M

The city of Hutto came to terms to purchase the system that provides most of the water to residents and businesses in the city. Heart of Texas Water Suppliers will sell its water system to the city for $59 million, a move officials said will stabilize water rates for customers. City Manager Odis Jones was authorized to negotiate for the system with a maximum price of $63 million. “This will mitigate the rate increases that were scheduled,” said Walter Kulakowski, managing director of public finance for Mesirow Financial, which teamed with the city to structure the deal. “We have been […]

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Source: Community Impact- Round Rock