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Socorro council approves up to $15 million in certificates of obligation for streets, parks and solid-waste system
Summary
City of Socorro authorized up to $15 million in tax-and-revenue certificates of obligation (Series 2026) to finance streets, sidewalks, park improvements and a new solid-waste disposal system. Officials said bonds were priced the morning of April 16 with a fixed 3.9% interest rate; council adopted the ordinance after a staff presentation.
The City of Socorro on April 16 approved an ordinance authorizing 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.
The council opened a public hearing with no speakers and then heard a presentation from the city’s financial adviser, Robert Tijerina of Tijerina Financial Consulting, and bond counsel Angela Avila of McCall Parkerson & Horton. Tijerina said the bonds were priced the morning of April…
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