Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Debt topic
No spam. Unsubscribe anytime.
Littlefield approves Tax and Revenue Anticipation Note to fund water and sewer improvements
Summary
Council adopted Ordinance 2026-0324-3 authorizing the issuance and sale of a Tax and Revenue Anticipation Note, Series 2026, to finance waterworks and sewer system improvements; presentation by Stiffel Public Finance Company accompanied the vote.
Brad Angst of Stiffel Public Finance Company presented the proposed issuance and sale of the City of Littlefield Tax and Revenue Anticipation Note, Series 2026 to fund waterworks and sewer system improvements. Following the presentation, Mayor Eric Turpen moved to approve Ordinance 2026-0324-3 authorizing the note, and Council Member Buddy Holmes seconded; the minutes record the motion as passed with '3 ayes and 2 absent.'
The ordinance levies an annual ad valorem tax and provides security for and payment of the note, and includes other provisions relating to issuance and sale. The minutes record approval but do not include the principal amount of the note or additional financing terms in the summary of proceedings; those details are contained in the ordinance documentation rather than the meeting minutes excerpt.
