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Palestine council authorizes notice to issue up to $20 million for athletic complex, downtown and lift‑station projects
Summary
Palestine City Council on May 27 approved publishing a notice of intent to issue up to $20 million in certificates of obligation to fund an athletic complex, downtown revitalization and Southview Lift Station improvements; council was told debt would be repaid from utility revenues and the tax rate and must decide a final amount by mid‑July.
Palestine City Council on May 27 authorized publication of a notice of intent to issue up to $20,000,000 in debt to finance an athletic complex, a downtown revitalization project and improvements to the Southview Lift Station.
Hilltop Securities portfolio manager Farje Delgado presented a financing plan that would use certificates of obligation similar to the city’s 2022 issuance. Delgado said the lift‑station portion would be repaid from net water and sewer revenues while the…
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