Title
Presentation and discussion of issues relating to a schedule of events for the sale of Certificates of Obligation, Series 2025.
Body
Summary:
The City intends to issue Certificates of Obligation for the construction of a new Municipal Court Building. The maximum aggregate principal of the certificates will not exceed $7,000,000.
The City's Financial Advisor, John Robuck, from BOK Financial Securities, Inc., will be in attendance at the meeting to present a tentative schedule of events and to answer any questions related to this planned debt issuance.
A resolution authorizing the publication of the Notice of Intent to Issues Certificates of Obligation; approving the preparation of a preliminary statement; and approving other matters incidental thereto is on the regular city council meeting agenda tonight for approval.
Fiscal/Budgetary Impact:
Payment of the debt service and issuance costs related to these certificates will be funded by ad valorem tax revenues.
Recommended action
Presentation and discussion only during workshop.