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Mansfield approves multi‑series bond package and sets GMP for stadium construction
Summary
Council approved a package of bond actions following staff and underwriting presentations: combination tax and revenue COs, GO refunding/improvement bonds and MEDC sales‑tax bonds; staff also approved a guaranteed maximum price (GMP) of $88,275,000 for the stadium construction manager contract.
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…
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