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Hitchcock OKs issuance of combination tax-and-revenue certificates of obligation at 3.95%
3619793 · May 19, 2025
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Summary
The Hitchcock City Council authorized sale of combination tax-and-revenue certificates of obligation series 2025 to raise roughly $1.4 million, accepting a bank bid with a 3.95% coupon, 10-year amortization and a 4.517% true interest cost.
The Hitchcock City Council authorized an ordinance to issue combination tax-and-revenue certificates of obligation, series 2025, to raise approximately $1,400,000 to fund city projects. The council voted unanimously to award the sale after hearing a presentation on the bid results.
Cameron Thatcher, financial advisor with Huntington…
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