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San Angelo council approves $20 million certificates of obligation for street program
Summary
The City of San Angelo approved an ordinance delegating pricing authority for approximately $20 million in combination tax and revenue certificates of obligation to fund the City Streets program; staff projected interest near 4% and said the issuance will not raise the debt service tax rate.
The San Angelo City Council on Oct. 15 approved an ordinance delegating pricing authority for the issuance and sale of approximately $20,000,000 in combination tax and revenue certificates of obligation, Series 2024, to fund the city streets program.
City staff said the certificates will be amortized over 20 years and that the financing is structured so the debt service tax rate will not…
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