DALLAS — Colorado Springs is preparing to sell $477 million of utility system revenue bonds that will include refunding and new money for a 62-mile water pipeline called the Southern Delivery System.

The negotiated deal, expected to price the week of Aug. 23 with Piper Jaffray & Co. as senior manager, will include about $100 million of tax-exempt bonds and $377 million of taxable Build America Bonds in two series.

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