Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Amarillo council approves $11.2 million certificates of obligation for street resurfacing
Summary
The City of Amarillo on a 5-0 vote approved Ordinance No. 8,199 to issue $11.2 million in combination tax-and-revenue certificates of obligation to fund annual street resurfacing projects, after staff said bids produced a 3.27% fixed rate and would save roughly $400,000 versus earlier estimates.
The Amarillo City Council unanimously on a 5-0 vote adopted Ordinance No. 8,199 to issue $11,200,000 in combination tax-and-revenue certificates of obligation to fund street resurfacing and related projects.
City staff told council the bonds will be issued for roughly 9½ years at a fixed interest rate of about 3.27 percent after six firms bid this morning. Paul Jason of Specialized Public Finance told the council the low…
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
