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Council directs notice to issue certificates of obligation for library roof, fire station design and pool renovation
Summary
The council approved Resolution 788-25 to publish notice of intent to issue certificates of obligation for unbudgeted or underfunded capital needs: an estimated $400,000 library roof, $600,000 for fire station design/engineering, and $700,000 for pool repairs — a $1.7 million issuance with a posted not-to-exceed amount.
The Navasota City Council approved Resolution 788-25 directing publication of a notice of intent to issue certificates of obligation to finance three capital projects: replacement of the public library roof, design and engineering for a new fire station, and renovation of the Navasota swimming pool.
City staff told the council initial budget estimates proved insufficient after receiving contractor estimates and condition assessments. Staff presented a reimbursement resolution for $1,700,000 that allocates…
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