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Council authorizes publication of notice to issue up to $30 million in certificates of obligation for roads, fire station and parks
Summary
Council authorized staff to publish notice of intent to issue up to $30 million in certificates of obligation to fund Lamar Street and Claremont improvements, Fire Station 5, Holland Lake Park renovations and a public works equipment facility; estimated annual debt service is $2.4 million.
The Weatherford City Council on Aug. 12 authorized staff to publish a notice of intent to issue certificates of obligation (COs) not to exceed $30 million to fund several priority capital projects.
Bob Brooks (speaker 6) told the council the proposed financing would fund $18,000,000 for expansion and improvements to Lamar Street and Claremont Boulevard, $10,000,000 to construct Fire Station 5 in the northeast section of the city,…
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