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Argyle reviews $8.5M financing plan for law enforcement center; council aims to avoid tax increase
Summary
Council heard a presentation on issuing certificates of obligation (roughly $8.5M) to fund a proposed Law Enforcement Center and site/road improvements; consultants said the plan can be structured with no tax‑rate increase, using reserves to lower interest costs and recommending public outreach before final action.
The Argyle Town Council discussed financing options for a proposed Law Enforcement Center and associated site and road improvements, receiving a presentation from Stephen Murray of Hilltop Securities. Murray outlined the town’s current debt profile, noted an S&P AA+ rating and presented a base‑case approach to issue about $8.5 million in certificates of obligation over a…
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