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Nacogdoches council adopts ordinance authorizing $15M+ general obligation bonds
Summary
Council authorized issuance and sale of City of Nacogdoches General Obligation Improvement Bonds Series 2025 after a presentation from finance staff and Hilltop Securities; Robert W. Baird won the competitive bid and the city's AA- rating was affirmed. Proceeds will fund airport, fire, drainage, parks and streets projects.
The Nacogdoches City Council unanimously adopted an ordinance authorizing the issuance and sale of City of Nacogdoches General Obligation Improvement Bonds, Series 2025, after hearing a report on the competitive bond sale and financing plan.
Interim Finance Director Todd Simineau and financial advisor Michael Martin of Hilltop Securities told the council the bonds were sold competitively, with Robert W. Baird submitting the winning bid and the sale producing a…
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