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Council approves $26.07M certificates of obligation after competitive bids
City Council of Montgomery, Texas · February 11, 2026
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Summary
Montgomery accepted competitive bids and approved issuance of certificates of obligation; the top bid from BFA Securities yielded a true interest cost of about 3.6493 percent and proceeds of roughly $27.445M for project funding.
Montgomery, Texas — The City Council on Feb. 10 approved an ordinance authorizing the issuance of tax and revenue certificates of obligation, Series 2026, after the city’s financial advisor presented competitive bids and recommended acceptance of the best offer.
James Gilley of US Capital Advisors told…
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