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Bellaire council approves $7 million certificates of obligation to buy public-works site
Summary
On Feb. 3, 2025, the Bellaire City Council unanimously approved issuance of $7 million in tax and revenue certificates of obligation to finance purchase of about 2.5 acres for a new public-works facility; council heard that the sale drew eight competitive bids and that closing is expected in about 30 days.
Bellaire — The Bellaire City Council voted unanimously Feb. 3 to approve an ordinance authorizing the issuance of City of Bellaire, Texas, tax and revenue certificates of obligation, series 2025, to finance the purchase of roughly 2.5 acres intended to house the city’s public-works operations.
The move follows a competitive sale…
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