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Gainesville council approves up to $10 million certificates of obligation after S&P upgrade
Summary
The City Council approved an ordinance to issue up to $10 million in Combination Tax and Revenue Certificates of Obligation to fund street and utility improvements after a presentation noting an S&P Global upgrade to the City's credit rating.
The Gainesville City Council voted unanimously Nov. 4 to authorize the issuance and sale of up to $10,000,000 in Combination Tax and Revenue Certificates of Obligation, Series 2025, to fund street and utility system improvements.
Quinn Moser of Hilltop Securities summarized the debt issuance options for the council and said the city had secured a…
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