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Abilene council approves publication of notice to issue $27 million certificates of obligation for energy upgrades and generators
Summary
The Abilene City Council voted to direct publication of a notice of intent to issue up to $27 million in certificates of obligation to fund energy improvements and backup generators.
The Abilene City Council voted to direct publication of a notice of intent to issue certificates of obligation of up to $27 million to fund energy-efficiency improvements and backup generators at several city facilities and at water treatment plants.
The resolution published the city's intent to issue the debt; the city's finance director, Marjorie Knight, told the council that roughly $10.63 million of the package would be supported by property tax and about $15.86 million would be supported by water and sewer revenues. Knight said the property-tax-supported portion would increase the tax…
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