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Trophy Club council approves about $8.15 million in certificates of obligation to fund streets, sidewalks
Summary
The Town of Trophy Club approved issuance of approximately $8.15 million in combination tax and revenue certificates of obligation on Nov. 10, 2025. City staff and financial advisers said a private-placement sale produced roughly $191,175 in net savings; proceeds will pay for street and sidewalk work and a remodel of the streets and parks maintenance shop.
The Town of Trophy Club on Nov. 10, 2025 approved an ordinance authorizing the issuance of combination tax and revenue certificates of obligation, series 2025, in the approximate principal amount of $8,150,000 to fund street and sidewalk improvements and to remodel the streets and parks maintenance shop, city staff said.
Town manager Brandon Wright told the council the special noon meeting was necessary because “we are meeting today at noon to be able to sign all this paperwork, get it done so that, we can close on the issuance of bonds here,” and that waiting until Wednesday would have risked less-favorable pricing because many institutions are closed for the Veterans Day holiday.
Tammy, a city staff member, read…
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