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Richardson staff outline plan to issue roughly $91.4 million in Series 2025 debt for City Hall, equipment and golf course project
Summary
City finance staff told the council they plan to issue $91.4 million of debt in spring 2025—mostly voter-approved general obligation bonds for City Hall and library work plus certificates of obligation and a taxable tranche for a golf course facility—and detailed the expected schedule for notices, ratings calls and bond sale.
Richardson — The city’s finance director presented the council with the planned schedule and composition for the Series 2025 debt issuance, describing roughly $91.4 million in combined borrowing to fund previously approved capital projects and equipment purchases.
Anita Cothern, the city’s director of finance, told council members the proposed issuance includes about $64 million in general obligation bonds (voter-approved) aimed primarily at rebuilding City…
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