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Red Oak council directs publication of notice for up to $38.5 million in certificates of obligation
Summary
Council voted 5-0 to publish a notice of intent to issue certificates of obligation up to $38.5 million; city staff said the notice will run for two consecutive weeks and be posted on the city website for at least 45 days ahead of ordinance consideration.
The Red Oak City Council adopted a resolution on Aug. 11 directing publication and web posting of a notice of intent to issue certificates of obligation (COs) in an amount not to exceed $38,500,000.
City staff said the resolution directs publication of the notice in the city's newspaper once per week for two consecutive weeks, and continuous posting on the city website for at…
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