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Lubbock moves forward with notice of intent to issue general-obligation bonds
Summary
Council approved publication of notice to sell portions of voter-approved 2022 and 2024 general-obligation bond authorizations; officials projected favorable market conditions and a likely all-in true interest cost below 4%.
The Lubbock City Council on Feb. 11 approved the publication of a notice of intent to issue a portion of voter-approved general obligation (G.O.) bonds from the city’s February 2022 and February 2024 bond elections.
The action authorizes staff to begin the formal process that leads to a public sale. Joe Jimenez, the city’s newly hired chief financial officer, introduced the item and said the issuance would finance projects approved by voters in the 2022 and 2024 bond elections. Financial adviser Matt Bowles of RBC presented market context and a…
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