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Llano council approves $1.07 million limited tax note to buy fire equipment
Summary
The City of Llano authorized a limited tax note in the approximate principal amount of $1,070,000 and awarded the sale to the low bidder to finance a fire truck and related costs; ordinance 1573 was approved and staff and bond counsel will complete closing steps.
The City of Llano on Monday approved an ordinance authorizing a limited tax note in the approximate aggregate principal amount of $1,070,000 to finance public safety equipment, including a fire truck, and to pay issuance costs. The ordinance (No. 1573) gives the mayor authority to complete related purchase and paying-agent agreements and levies the ad valorem tax to pay the note; the council voted to award the sale after a presentation from the city’s bond counsel and financial advisor. Bond counsel Bart Fowler opened…
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