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Council approves notice of intent for up to $4.25 million in certificates of obligation for fire engines and communications upgrades
Summary
Terrell approved Resolution No. 2204 to publish notice of intent to issue up to $4,250,000 in certificates of obligation to fund two fire engines and public safety communications upgrades; the resolution creates expectation to reimburse eligible expenditures from future debt and does not yet bind the city to sale.
On Jan. 20 the Terrell City Council approved Resolution No. 2204 authorizing publication of a notice of intent to issue Series 2025 certificates of obligation in an amount not to exceed $4,250,000 and declaring the city’s expectation to reimburse expenditures with proceeds of future debt.
Assistant City Manager Mark Mills told council…
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