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Denton City PUB recommends publishing notices of intent for $82M and $243M in certificates of obligation
Summary
The Denton City Public Utilities Board recommended that the City publish notices of intent to issue $82 million and $243 million in certificates of obligation to fund general government, solid waste, water, wastewater and electric projects; staff said bond ordinances and sale dates are planned for June–August.
The Public Utilities Board of Denton City voted on April 27 to recommend publication of notices of intent to issue certificates of obligation totaling $325 million across two separate items: $82 million for general government and solid waste projects and $243 million for water, wastewater and electric projects.
Matt Hamilton, the city’s chief financial officer, told the board the publication is a required step under state law before selling certificates of obligation and that the notice sets a ceiling rather than a firm debt…
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