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Rowlett council authorizes publication of notice of intent to issue up to $15.05M in certificates of obligation
Summary
City council approved a resolution directing publication of a notice of intent to issue up to $15,050,000 in certificates of obligation as part of a multi-year capital plan; the notice preserves the city's option to issue debt before possible state statutory changes take effect.
The Rowlett City Council on May 20 authorized publication of a notice of intent to issue certificates of obligation (COs) for up to $15,050,000, a procedural step that preserves the city’s ability to issue those bonds later this year if council chooses.
City finance staff and the city manager told the council the action is precautionary: staff drafted the notice because several bills pending in the Texas Legislature could limit municipal authority to issue COs or tax notes after Sept. 1, 2025. Publishing the required…
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