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White House Council approves $15.5 million certificates of obligation to fund capital projects
Summary
The City Council voted unanimously to authorize up to $15.5 million in Combination Tax and Revenue Certificates of Obligation to fund utility system upgrades, public safety facilities, city hall and park improvements after staff presented competitive bid results showing a 4.57% average interest rate.
The City of White House City Council on July 22 voted unanimously to adopt an ordinance authorizing the issuance and sale of up to $15,500,000 in Combination Tax and Revenue Certificates of Obligation, Series 2025, to pay for capital projects including utility system improvements, a public safety facility, city hall and council chambers improvements, and park work.
City staff said the city opened sealed bids July 22 and received four proposals. Paul Jason of Specialized Public Finance, the city’s financial advisor, told council the…
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