Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cleburne council authorizes notice of intent to issue $15.5 million in certificates of obligation
Summary
City council approved publication of a notice of intent to issue certificates of obligation to finance roads, design of a new public safety facility and renovation of a city building, with city staff and Hilltop Securities outlining a projected $15.5 million program and a 30-year amortization.
The City of Cleburne City Council on a unanimous vote authorized publication of a notice of intent to issue certificates of obligation that city staff said would finance road work, the design phase of a new public safety facility and conversion of an existing building into a citizen service center.
City staff and the city's financial advisor presented the financing plan as a next procedural step rather than final approval. "This evening, what we're here to do is the next steps, which is get your authorization for the notice of intent," said Mr. Boonstra (staff member). Amber Chen of Hilltop Securities told the council the certificates of obligation for 2025 would fund the road projects, design and engineering for the public safety…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
