Mansfield approves multi‑series bond package and sets GMP for stadium construction

City finance staff and advisors briefed the Mansfield City Council on a multi‑series financing package Dec. 9 and the council approved the items that were presented. The package included combination tax and revenue certificates of obligation (COs) with a final par amount of $139,615,000, general obligation refunding and improvement bonds of approximately $12,960,000, and Mansfield Economic Development Corporation (MEDC) sales tax revenue bonds (a tax‑exempt series totaling roughly $56.4 million and a taxable series of about $22.6 million). Advisors reported strong investor demand and affirmed ratings (Moody’s Aa1; Fitch AA+), and staff said pricing came in better than projected.