The Leander City Council voted unanimously Oct. 2 to approve a resolution authorizing the Brushy Creek Regional Utility Authority (BCRUA) to issue contract revenue bonds to fund the next phase of a regional water treatment and distribution project.

Chief Financial Officer Williams told the council the bonds would finance the phase‑2 Brushy Creek regional water treatment and distribution project, complete a deep water intake with capacity cited in the presentation as 145 million gallons per day, expand phase‑1D treatment capacity, and cover electrical and utility improvements. Williams said the issuance amount would be approximately $36,200,000 and that the loan had previously been approved by the Texas Water Development Board. The bond issue was described earlier in the agenda item text as $36,240,000; staff provided $36,200,000 in the presentation.

Williams said the proposed bonds would carry a 25‑year amortization and an anticipated interest rate of 3.79 percent; estimated annual debt service is roughly $2.4 million and was included in the FY26 utility fund budget. The BCRUA board is expected to formally authorize the issuance on Oct. 23, with closing anticipated before Nov. 19, 2025. Mayor Pro Tem Thompson, who serves as a BCRUA representative, said the expansion is long‑needed and expressed support for the financing.

A motion to approve the resolution passed unanimously. The resolution authorizes bond sale procedures and delegates execution of financing documents as needed; staff said the financing terms match prior issuances and expected repayment schedules.