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Laredo council sets borrowing caps, approves notice for certificates of obligation; adds $624,000 for McPherson/Shiloh work
Summary
The Laredo City Council set maximum borrowing caps and authorized staff to publish a notice of intent to issue certificates of obligation, and amended the tax‑note list to add $624,000 for McPherson‑Shiloh intersection improvements.
The City of Laredo gave initial approval Friday to a set of borrowing authorizations and next steps intended to fund street, drainage and infrastructure projects and to preserve the city’s long‑range financing flexibility.
City financial advisers and bond counsel presented a draft financing plan that splits near‑term needs across three instruments: certificates of obligation (COs), tax notes and vehicle/enterprise‑backed financings. The council…
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