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Public Utility Board recommends publication of $46.535 million certificates of obligation notice
Summary
The City of Denton Public Utility Board recommended that the City Council publish a notice of intent to issue $46,535,000 in certificates of obligation; board members voted to forward the recommendation to council and the sale is expected in late summer.
The Public Utility Board (PUB) for the City of Denton on May 19 recommended that the City Council publish notice of intent to issue $46,535,000 in certificates of obligation (COs) and directed staff to post the notice as required by state law.
The recommendation came after a staff presentation on the notice and funding allocations. "The notice of intent is required by state law for certificates of obligation only, and we will post the notices in the Denton Record-Chronicle," Randy Klingle, treasury manager, told the board. He said the notices will also be posted on the city…
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