CouncilTrac · Matter
What this is
Council will review and discuss plans for selling 2025 general obligation bonds and certificates of obligation, which are borrowing tools used to fund city capital projects.
Why it matters
The terms and timing of this bond sale affect how much residents ultimately pay in debt service through property taxes.
Timeline
- July 9, 2026 Agenda posted — April 28, 2025 meeting
- July 15, 2026 Agenda updated — April 28, 2025 meeting
Appearances on agendas
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City Council — April 28, 2025
Review and discuss — no formal vote indicated
Official agenda language
REVIEW AND DISCUSS THE 2025 GENERAL OBLIGATION BOND AND CERTIFICATES OF OBLIGATION BOND SALE • City Council Rules of Order and Procedure: https://www.cor.net/RulesofOrderandProcedure
Documents
Related matters
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Discussion: 2026 general obligation bond and certificates of obligation sale
Council will review and discuss the upcoming sale of 2026 general obligation bonds and certificates of obligation, which are used to fund previously approved capital projects.
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Review bond and charter election communication plan
Council will review the city's plan for communicating with the public about an upcoming bond and charter election.
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Approve notice of intention to issue certificates of obligation
Council will consider a resolution authorizing publication of the legally required public notice that the city intends to issue certificates of obligation, a form of debt financing.
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Order a bond election for May 2, 2026
The council would formally call a bond election to be held on May 2, 2026, and make the administrative provisions needed to conduct it.
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Discussion: planned sale of Series 2026 city debt obligations
Council will review and discuss the city's plan to issue a new series of debt obligations in 2026. No formal vote is taken at this stage.