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Frisco council OKs certificates of obligation to fund North Frisco infrastructure
Summary
The Frisco City Council voted 6-0 to adopt an ordinance authorizing the sale of multiple series of certificates of obligation to fund road, water, sewer and public parking projects in North Frisco; the ordinance sets issuance limits, interest caps and sale windows.
Frisco City Council voted 6-0 Tuesday to adopt an ordinance authorizing the issuance of certificates of obligation to pay for road, water and sewer infrastructure and public parking structures in North Frisco.
Tanya Anderson, the city’s director of budget and strategic planning, told the council the ordinance delegates authority to city officials to execute sale documents and…
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