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Dallas County court approves notice to pursue up to $350 million in certificates of obligation
Summary
At a special-called Dallas County Commissioners Court meeting, commissioners voted unanimously to approve a resolution authorizing publication of a notice of intent to consider issuing certificates of obligation to finance county needs. Counsel described the step as the statutory first stage; estimated P&I figures in the transcript were garbled and will be confirmed in the published notice.
Dallas County Commissioners Court on a special-called session voted unanimously to approve a resolution authorizing publication of a notice of intent to consider issuing certificates of obligation that would allow the county to pursue borrowing of up to $350,000,000, court participants said.
Commissioner Price moved to advance the resolution and the motion was seconded; the court recorded a unanimous voice vote to carry the item. Palafel and the clerk opened the court and announced that Judge Clay Lewis Jenkins was presiding.
Barto Aguilaro, the county's bond counsel, described publishing the notice as “the first step”…
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