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Council authorizes publication of notice of intent to issue certificates of obligation to fund capital projects
Summary
The council approved a resolution directing publication of a notice of intent to issue certificates of obligation tied to the city’s five‑year capital improvement program. Finance staff said the proceeds will fund street, park, public safety, animal shelter and water/wastewater projects and that the city expects to price and sell notes in August.
The Waxahachie City Council approved a resolution on May 21 directing publication of a notice of intent to issue certificates of obligation (COs) to finance capital projects identified in the city’s five-year capital improvement program (CIP).
Chad Tusteson, the city’s finance director, told the council staff had updated the CIP and funding strategy and planned to use certificates…
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