Mount Vernon Optic-Herald

Mount Vernon City Council members decided on a combination of tax and utility revenue funds to repay loans/bonds for future waste water line improvement and replacement bond costs for up to a 30 year period. The council authorized their financial advisor, Dan Almon with Southwest Securities, to proceed with seeking $4,380,000, the maximum loan amount through the Texas Water Development Board for the project. For more details, see the November 17 edition of the Mount Vernon Optic-Herald.