Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves $8.78 million certificates of obligation for capital projects
Summary
The Colony approved a $8,780,000 certificates-of-obligation issuance to fund HVAC upgrades, public safety equipment, vehicles and storm siren upgrades; staff reported proceeds just under $9.3M, a low bid at 3.56% and affirmed credit ratings (S&P AA+, Moody's Aa2).
The City of The Colony authorized the issuance and sale of combination tax and limited surplus revenue certificates of obligation for 2026, with a final issuance amount presented as $8,780,000 to fund capital projects identified in the budget.
City staff explained the debt package will fund HVAC improvements, public safety equipment, vehicles for multiple departments, storm siren upgrades and similar capital purchases. Staff said the city’s financing process produced competitive…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
