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Temple council authorizes notice for up to $53 million in certificates of obligation
Summary
The City of Temple voted unanimously to publish notice of intent to issue up to $53 million in combined tax and revenue certificates of obligation to fund mobility and facilities projects, public safety equipment and other capital needs; council set a May 15 ordinance date and a June 5 closing.
The Temple City Council voted 4-0 to direct publication of a notice of intent to issue combined tax and revenue certificates of obligation in an amount not to exceed $53,000,000.
City finance staff told the council the financing would support mobility projects, public facilities and public-safety items and be repaid using an IRS tax pledge. Miss Bernard, a city finance staff member, said…
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