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Rowlett council directs publication of notice to issue up to $12 million in certificates of obligation
Summary
Council voted to publish a required notice of intent to issue certificates of obligation of up to $12,000,000 for priority projects including concrete panel replacement, street and alley reconstruction, and fire apparatus; the vote authorizes only the notice, not the debt issuance itself.
The Rowlett City Council authorized staff July 2 to publish a legally required notice of intent to issue certificates of obligation (COs) of up to $12,000,000 to fund council priorities including concrete panel replacement, asphalt road improvements, street and alley reconstruction, and fire apparatus.
Assistant City Manager Christophe Bauer told the council the notice is required by state law and must be…
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