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Chambers County moves forward with $50 million notice for road and drainage certificates of obligation
Summary
Chambers County’s commissioners discussed a notice of intent to issue up to $50 million in combination tax-and-revenue certificates of obligation for road and drainage work, heard public support and timing concerns over interest rates, corrected a project street name and agreed to keep the posted amount at $50 million.
Chambers County Commissioners Court on Aug. 5 discussed a notice of intent to issue Chambers County, Texas, combination tax-and-revenue certificates of obligation, series 2025, that staff said is limited to roads, bridges and drainage improvements and related professional services. County staff told the court the notice is the formal first step and that any actual sale and approval of a bid would occur at a subsequent commissioners-court meeting.
Several residents told the court they supported using certificates of obligation for basic infrastructure. "I was pleasantly surprised and encouraged to see that everything on there is a road or a drainage project," said…
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