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The Pleasanton City Council will consider a resolution to approve financing documents for up to $16.50 million in water revenue bonds. The funds will support water system infrastructure improvements and cover issuance costs.
Reese Hardy
September 16, 20261 min read
The proposed securities will mature in 25 years with an interest rate not to exceed 5.5 percent. A call provision allows the city to redeem some or all of the bonds prior to maturity. Siebert Williams Shank & Co., LLC will act as the underwriter for a negotiated sale.
The financing will fund improvements to the City water systems infrastructure. The proceeds will also cover costs associated with the bond issuance process.
The council resolution acts as a companion report to an action being considered by the Pleasanton Joint Powers Financing Authority. This represents a separate but related step from the authorization to issue the bonds, which will be handled through the Authority.
City Council Meeting (2026-09-15). Retrieved from https://pleasantonca.portal.civicclerk.com/event/609
Reese Hardy
Reese Hardy writes about community life, schools, public safety, and local events in Pleasanton.
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