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Council approves $20.5 million certificates of obligation for streets, drainage, parks and other capital needs
Summary
The council authorized issuance of up to $20.5 million in Certificates of Obligation to fund multiple FY25 capital projects, including street rehabilitation, drainage (about $8.1M), parks, sidewalks and public facilities; members debated whether to move drainage projects into a November bond election.
Beaumont City Council on July 15 approved an ordinance authorizing the issuance and sale of Certificates of Obligation in an amount not to exceed $20.5 million to fund a package of capital projects already budgeted in FY25. Staff described the package as a mix of projects: street rehabilitation (annual program and specific streets including Fourth Street and Highland Avenue), Parks projects (including College Fair Park…
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