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Council approves publication of intent to issue certificates of obligation; one member opposes
Summary
Council authorized staff to publish notice of intent for tax and revenue certificates of obligation (not-to-exceed amount cited in discussion as $23 million); the motion passed with Councilmember Ken Oldham recorded in opposition.
The Murphy City Council on May 20 approved a resolution authorizing publication of a notice of intent to issue tax and revenue certificates of obligation. The publication is a required step in the city’s process for issuing certificates; staff and the city’s financial advisor briefed council on timing and next steps.
Staff said the resolution establishes a…
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