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Crockett council approves $1.7 million certificates of obligation to fund ladder-truck refurbishment, engine replacement and police vehicles
Summary
Council approved an ordinance authorizing $1.7 million in certificates of obligation to refurbish the ladder truck, replace a 30-year-old fire engine and buy four police vehicles; staff said the debt would likely add up to 2 cents to the tax rate and cost the owner of a $100,000 home about $24 annually.
The City Council of Crockett voted on Aug. 19 to approve an ordinance authorizing the issuance and sale of $1,700,000 in tax and revenue certificates of obligation to fund public-safety equipment, including refurbishment of the city’s ladder truck, replacement of a 30-year-old fire engine and purchase of four police vehicles.
Ben Rosenberg, the city’s financial advisor with US Capital, told the council that four bids arrived that morning and that Robert Baird was the winning…
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