Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council approves Woodleaf PID bond sale ordinance for Improvement Area 3
Summary
Tomball adopted an ordinance authorizing the issuance and sale of $3.39 million in special revenue bonds for Woodleaf Public Improvement District Improvement Area 3; the sale price and interest rate were presented at the meeting.
The Tomball City Council on Aug. 4 adopted an ordinance authorizing the issuance and sale of special revenue bonds for Woodleaf Public Improvement District Improvement Area 3, approving a bond sale that closed earlier the same day.
City staff told council the total bond amount for the Woodleaf PID Improvement Area 3 sale was $3,390,000 at an interest rate of 6.149 percent. The council adopted the ordinance (Ordinance No. 2025-29) on first and only reading by a recorded vote of 4–0.
Staff did not propose amendments to the ordinance at the meeting. No additional fiscal notes beyond the sale amount and stated interest rate were introduced during council discussion.
The ordinance authorizes issuance and sale of the special revenue bonds and instructs staff to proceed with closing and related steps under the bond documents presented to council.
