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Council debates notice of intent for up to $15 million in certificates of obligation; no final authorization
Summary
Council heard a staff and adviser presentation on issuing certificates of obligation up to $15 million to fund public-works facilities, an animal shelter and land acquisition, but members asked for more detail on priorities and capacity and did not finalize a binding sale or publication at the meeting.
City staff and municipal-advisory firm PFM briefed the Eagle Pass City Council on May 15 about a proposed notice of intent to issue certificates of obligation not to exceed $15 million. The funds described would be available to fill funding gaps for a public-works facility, build or acquire land for an animal shelter, and to acquire property for economic development.
Blake Roberts of PFM told the council that, while interest rates are higher than a year ago, the…
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