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Lubbock council authorizes publication of notices for multi-series bond sales, staff projects $1.8 million gross interest savings
Summary
The council approved a resolution to publish notices for Certificates of Obligation, general obligation bonds and water/wastewater revenue bonds and to refund callable debt; staff projected roughly $1.8 million in gross interest savings (about $1.5 million present value) from the refunding and outlined tentative mid‑March market timing.
Lubbock’s City Council voted unanimously Jan. 13 to authorize publication and posting of notices of intent to issue multiple bond series, including certificates of obligation, general obligation (GO) bonds tied to prior authorizations and water/wastewater revenue bonds, and to refinance callable debt. The vote clears the way for staff to take the financings to market in mid to late March, officials said.
Chief Financial Officer Jimenez told the council the…
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