Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cedar Hill council authorizes certificates of obligation and tax notes after staff reports favorable bids and credit ratings
Summary
The council adopted ordinances approving combination tax and revenue certificates of obligation (Ordinance No. 2025-852) and tax notes (Ordinance No. 2025-853). City staff reported competitive bids (4.33% TIC for COs; 3.28% TIC for tax notes) and S&P/Moody’s ratings of AA and Aa1.
Cedar Hill — The Cedar Hill City Council voted unanimously Tuesday to adopt two financing ordinances authorizing the issuance and sale of debt: Ordinance No. 2025-852 (combination tax and revenue certificates of obligation, Series 2025) and Ordinance No. 2025-853 (tax notes, Series 2025).
City staff presented the financing results during the meeting. City staff member Quincy Wen told council members the certificates of obligation were competitively bid, with four underwriters submitting proposals and Fidelity Capital Markets offering the lowest true interest cost (TIC) at 4.33 percent. Staff said projected…
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
