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Council approves financing for fire apparatus and a water-main extension; backs four housing tax-credit applications
Summary
Council accepted bids and authorized a PPFCO sale for fire apparatus (approx. $4.6M at a 3.02% rate), approved $6M in water-sewer revenue bonds at 4.22% for a water-main extension, and adopted four resolutions supporting 9% housing tax-credit applications (no city funding beyond small fee waivers).
The Amarillo City Council approved multiple financing measures and several housing-support resolutions at its Feb. 10 meeting.
Katrina Owens presented Ordinance 8-2-35 authorizing Public Property Finance Contractual Obligations (PPFCOs) to fund fire apparatus. Paul Jason of Specialized Public Finance reported seven bids and a winning bidder (TD Financial Products) with a final fixed interest rate of…
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