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Beaumont council approves publication to seek $20.5 million in certificates of obligation
Summary
Council authorized publication of a notice of intent to issue up to $20.5 million in certificates of obligation to fund CIP projects including streets and drainage, park upgrades, Colliers Ferry work and annual programs; the publication starts a 45‑day legal notice period.
The Beaumont City Council voted to publish a notice of intent to issue certificates of obligation for up to $20.5 million to fund capital projects already included in the adopted budget and community investment plan.
City staff said the request is the statutory first step required under Texas law to begin borrowing by certificates of obligation; approving the publication starts the required public-notice period (the city manager said a 45‑day notice is standard) and does not itself authorize issuance of debt. "This requested action today is just for the publication," the city manager said. Council…
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