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Council approves $3.555 million tax note to reimburse general fund for 820 Ferris purchase
Summary
The council authorized issuance of a short-term tax note of $3.555 million to reimburse the general fund for acquiring the former Comerica Bank building at 820 Ferris Ave and to fund renovations; staff said the note requires no tax-rate increase and carries a two-year term.
The Waxahachie City Council approved an ordinance authorizing the issuance and sale of the City of Waxahachie Tax Note Series 2026 totaling $3.555 million to reimburse earlier general fund expenditures for the city’s purchase of 820 Ferris Avenue (the former Comerica Bank building) and to fund acquisition-related improvements.
Fin…
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