Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Round Rock council awards $115 million in debt, Type B agrees to cover $20 million in CO debt service
Summary
The Round Rock City Council approved the sale of $90 million in general obligation bonds, $20 million in combination tax and limited revenue certificates of obligation and $5 million in limited tax notes; the Type B (transportation economic development) corporation agreed to pay debt service on the $20 million COs.
The Round Rock City Council voted unanimously Thursday to award three debt sales totaling $115 million to finance parks, transportation and fleet needs and to accept an agreement by the Round Rock Transportation Economic Development Corporation (Type B) to pay debt service on $20 million of the certificates of obligation.
The council approved the sale of $90 million in general obligation (G.O.) bonds to fund Proposition A from the 2023 voter-approved bond program, $20 million in combination tax and limited revenue certificates of obligation for the city’s road program and $5 million in limited tax notes for fleet replacement. Gary Kimball, the city’s financial advisor, presented results from competitive bids received earlier the same day and recommended award to the lowest bidders: Morgan Stanley for the G.O.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
