CouncilTrac · Matter
What this is
The council would authorize the issuance and sale of General Obligation Refunding and Improvement Bonds, Series 2021, and redeem the older obligations being refinanced.
Why it matters
Refunding existing debt can lower the city's interest costs, potentially benefiting taxpayers who ultimately repay these bonds.
Council action
Motion to approve the Consent Agenda as presented
Moved by Ken Hutchenrider.
7 yes · 0 no
The approved minutes report the tally without a name-by-name roll call.
Timeline
- July 10, 2026 Agenda posted — April 26, 2021 meeting
- April 26, 2021 Vote taken — April 26, 2021 meeting · Approved 7-0 (consent)
Appearances on agendas
-
City Council — April 26, 2021
Adopt Ordinance No. 4384 authorizing bond issuance
Official agenda language
CONSIDER ALL MATTERS INCIDENT AND RELATED TO THE ISSUANCE AND SALE OF “CITY OF RICHARDSON, TEXAS, GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS, SERIES 2021”, INCLUDING THE ADOPTION OF ORDINANCE NO. 4384, AUTHORIZING THE ISSUANCE OF SUCH BONDS AND PROVIDING FOR THE REDEMPTION OF THE OBLIGATIONS BEING REFUNDED.
Documents
Related matters
-
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.
-
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.
-
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.
-
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.
-
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.