GRAPELAND - Grapeland City Council members steered closer to improving the city’s streets Tuesday night.
Council members voted to accept a resolution announcing intentions to issue certificates of obligation worth about $950,000 to fund overhauling the roads. Mike Brown, of Government Capitol Securities, said the next step in the process is for banks to bid on financing the bond.
“You’re looking at about $75,000 a year for payment,” Brown said.