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El Paso County votes to publish notice of intent to issue up to $54 million in certificates of obligation
Summary
Commissioners authorized publication of a notice of intent to issue up to $54 million in combination tax and surplus revenue certificates of obligation to fund roads, water and other infrastructure; court staff said the issuance is structured to avoid increasing the countyI&S tax rate.
El Paso County Commissioners Court voted Monday to publish a notice of intent to issue up to $54,000,000 in combination tax and surplus-revenue certificates of obligation to pay for street, utility and flood-control improvements and HVAC work at a youth services building.
County officials said the proposed issuance would fund several projects prioritized in county capital planning, including first-time water and wastewater connections in Hillcrest Estates and other unincorporated areas and certain roadway improvements. The court directed staff to publish the required notice this week and return on May 12 for further action on a possible sale.
The countys financial presentation estimated an interest rate for the planned…
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