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Finance advisers present $48.6 million capital financing plan; council asks for project list and returns item in March
Summary
Hilltop Securities outlined a proposed $48.55 million bond package (combining tax and revenue certificates of obligation) to fund streets, aquatic center, water/sewer, drainage and Nance Farm; council raised questions about line‑item project details and a math typo; staff promised a detailed project list ahead of a March 4 action item.
City finance advisers on Feb. 18 presented a preliminary plan to finance the city of DeSoto’s 2025 capital improvement program with a single, combined tax and revenue certificate of obligation (CO), but the City Council took no action and asked for more detailed project documentation before any vote.
Andre Ayala of Hilltop Securities briefed the council on a financing plan sized at about $48.55 million to fund a package of capital work: streets and traffic signals, a high‑quality aquatic and recreation center, water and sewer system projects ($10 million), drainage projects ($2.4 million) and Nance Farm…
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