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Council approves $7.4 million refunding bonds 6-0
Summary
Van Alstyne City Council unanimously approved an ordinance to issue up to $7.4 million in general obligation refunding bonds; the motion passed 6-0.
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The Van Alstyne City Council approved an ordinance to authorize the issuance and sale of up to $7,400,000 in general obligation refunding bonds by a 6-0 vote on Aug. 25.
Councilmember Lee moved to approve the refunding ordinance and Ryan seconded; the presiding officer declared the motion carried 6-0.
No substantive discussion or amendments were recorded on the floor; staff and advisers indicated this action was paired with the previously approved certificates-of-obligation transaction as part of the city’s financing plan.
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