(9)(a)
CITY COMMISSION REGULAR MTG
Meeting Date:
05/21/2025
Ordinance to Issue Certificates of Obligation, Series 2025
Submitted For:
Finance Department
Submitted By:
Finance Department, Finance
Department:
Finance
Information
ACTION REQUEST
Approve the issuance of certificate of obligation bonds ($75M) for capital projects: Municipal Complex, Engineering/Public Works Facility Expansion, Library Renovation, and New Fire Station.
BACKGROUND (Brief Summary)
On March 19th, the Commission authorized the Publication of Notice of Intent to issue Texas Certificate of Obligations (CO), Series 2025. The CO funding uses of $75M are for the following capital projects:
New Municipal Complex ($55M)
Engineering/Public Works Facility Expansion ($3M)
New Fire Station ($14.1M)
Library Renovations/Repairs ($1.5M)
RECOMMENDATION
Finance recommends the approval for the issuance of the Texas Certificates of Obligation, Series 2025, not to exceed $75M.
Fiscal Impact
Attachments
Ordinance
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