After years of discussions and debate, the Watauga River Regional Water Authority Board of Directors celebrated a historic landmark Monday morning. With the stroke of a pen, WRRWA has officially closed on the issuance of bonds for the Little Wilbur Water Treatment Facility.
Meeting at the Workforce Development Complex outside Elizabethton yesterday, the WRRWA Board of Directors were given final figures on interest rates and the maturity of the bonds. Keener Billups of Wiley Brothers provided a financial breakdown to the board prior to the signing ceremony. Billups noted that WRRWA received an “A” rating from Standard and Poor’s.