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Socorro council approves publication notice for up to $15M in certificates, multiple rezoning and plats, appointments and event and facility items
Summary
At the meeting the council authorized publication of a notice of intent to issue up to $15 million in certificates of obligation, engaged bond counsel, approved multiple rezoning and plat ordinances, appointed two commissioners, awarded the Independence Day fireworks contract and adopted a civic-center name.
The Socorro City Council voted on a range of formal actions across infrastructure, planning and events.
Debt notice and bond counsel: The council voted to direct publication of a notice of intent to issue up to $15,000,000 in combination tax and revenue certificates of obligation to fund streets, sidewalks, park improvements and a new solid-waste disposal system. Financial advisors outlined an illustrative schedule that included a first reading on March 19, bond pricing on April 16 and receipt of proceeds in May if the financing is authorized. Council also approved engaging McCall, Parkhurst & Horton LLP to provide bond-counsel services.
Appointments: The council approved the appointment of Rafael…
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