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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 the request covers two fire engines currently on order (estimated at $1,875,000) and roughly $2,150,000 for replacement and upgrades of public‑safety communications equipment, including dispatch consoles and an additional repeater site to expand radio footprint and provide redundancy. Mills said the dispatch consoles are near end of life and the repeater would improve coverage to the northeast and provide redundancy if the primary site were lost.
Mills said the resolution only authorizes posting the notice and establishing reimbursement expectation; the city will return for final sale of the certificates at a future council meeting (staff expected competitive bids and to present results on March 4). The financing structure discussed: 10‑year amortization for fire engines and a 15‑year term for telecommunications equipment, consistent with anticipated useful lives.
Mayor Ronnie Velasquez moved to approve Resolution 2204; Donna Renee Anderson seconded. The motion carried unanimously among those present.
