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Shreveport bond sale moves forward

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SHREVEPORT, La. (AP) — TKG & Associates, an independent municipal advisory firm based in Houston, has been hired to provide financial advice and services as Shreveport moves forward with the sale of $75 million in water and sewer bonds, and $93.5 million related to the 2011 general bond issue.

The Times reports (http://bit.ly/1sUaYop ) the Texas-based firm was formed in 1987 by Charlotte Knight-Marshall.

Knight-Marshall and her senior consultant, Janice Davis, appeared before the city council Monday to field questions about the proposed transactions.

The city will sell revenue bonds to finance the cost of improvements, extensions and replacements to the water and sewer utility system. The general obligation bonds would fund the remaining projects contained in the voter-approved $175 million bond issue. Several of those projects have been designed but lacked funding for construction.

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Information from: The Times, http://www.shreveporttimes.com

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