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Cibolo council approves plan to pursue $4.5 million in certificates of obligation for capital projects
Summary
Council voted to proceed with a financing plan to issue up to $4.5 million in certificates of obligation for the FY26 capital-improvement program, with competitive bids planned for July and proceeds targeted for August; staff noted a projected INS tax-rate change from 0.1845 to 0.1878.
Council approved staff's request on April 28 to proceed with a financing plan that would issue up to $4.5 million in certificates of obligation to fund capital-improvement projects identified in the FY26 five-year CIP.
Victor Koga of Specialized Public Finance presented the plan and timeline: publish a notice of intent (the council approved the related resolution the same…
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