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Mission approves $10 million bond sale; rating affirmed and no tax rate increase planned
3814394 · June 13, 2025
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Summary
City Council approved the issuance ordinance authorizing the sale of $10 million in bonds at about 4.63% interest; staff said the sale does not exceed the city’s current tax rate and the funds are expected to close July 1 for capital projects.
City Council on Monday approved an ordinance authorizing the issuance of $10 million in bonds for various capital projects and accepted post‑sale terms presented by the city’s financial advisers.
Bobby Villalba, the city’s financial adviser, told council the bonds were marketed the morning of…
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