CouncilTrac · Matter
What this is
The city proposes to issue Combination Tax and Revenue Certificates of Obligation, Series 2020, to fund city projects. Council would adopt Ordinance No. 4327 to authorize the sale.
Why it matters
Certificates of obligation are a form of city debt backed by taxes and revenues that funds capital projects, affecting future budgets.
Council action
Motion to adopt Ordinance No
7 yes · 0 no
The approved minutes report the tally without a name-by-name roll call.
Timeline
- July 13, 2026 Agenda posted — January 27, 2020 meeting
- January 27, 2020 Vote taken — January 27, 2020 meeting · Approved 7-0
Appearances on agendas
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City Council — January 27, 2020
Adopt Ordinance No. 4327 authorizing certificates of obligation
Official agenda language
CONSIDER ALL MATTERS INCIDENT AND RELATED TO THE ISSUANCE AND SALE OF “CITY OF RICHARDSON, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2020”, INCLUDING THE ADOPTION OF ORDINANCE NO. 4327, AUTHORIZING THE ISSUANCE OF SUCH CERTIFICATES OF OBLIGATION.
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.