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Bryan council authorizes publication for certificates of obligation to fund parks, streets and fire equipment
Summary
Council approved a resolution authorizing publication of notices to issue certificates of obligation; staff and the city's financial advisor said the issuance would fund Midtown Park, streets and drainage work, and fire engines with competitive sale and a projected close in July if the schedule proceeds.
The Bryan City Council authorized the publication of notices to proceed toward issuing certificates of obligation intended to fund several capital projects, including Midtown Park, street and drainage projects, and fire engines.
Stephen Adams, the city's financial advisor with Specialized Public Finance, outlined the mechanics: state rules require…
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