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Weatherford approves certificates of obligation sale for public-safety funding; bond sale explained
Summary
The council adopted ordinance 2021-20 authorizing certificates of obligation for public-safety financing; staff said the plan requires no property tax rate increase and a Hilltop Securities representative described an auction sale that produced $18,220,000 in bond proceeds and a reported true interest cost of 1.769%.
The Weatherford City Council unanimously adopted an ordinance authorizing the issuance and sale of tax and utility-system limited pledge certificates of obligation to help fund the city's public-safety building.
Brad Burnett, assistant city manager, summarized the funding strategy and emphasized the council's prior direction: "The plan does not require…
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