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Bonham explores PPFCO financing to fund bundled equipment purchases
Summary
City staff recommended pursuing Public Property Finance Contractual Obligations (PPFCO) to finance a bundled equipment package exceeding $1M, citing potential cost-effectiveness and the city’s A+ credit; council directed staff to continue exploring the option.
Bonham City staff briefed the council on a proposal to finance several major equipment purchases through Public Property Finance Contractual Obligations (PPFCO), and the council directed staff to continue exploring the option.
Sarah Osburn, Director of Administrative Services, said staff consulted Hilltop Securities to identify financing options that would minimize impacts to the city’s maintenance and operations budget.…
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