CouncilTrac · Matter
Ordinance authorizing sale of Combination Tax and Revenue Certificates of Obligation, Series 2023
What this is
Ordinance No. 4460 would authorize the issuance and sale of the City of Richardson, Texas Combination Tax and Revenue Certificates of Obligation, Series 2023, set sale parameters, and delegate certain matters to an authorized city official.
Why it matters
Certificates of obligation are a form of city debt that does not require voter approval and will be repaid through taxes and revenues.
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 24, 2023 meeting
- April 24, 2023 Vote taken — April 24, 2023 meeting · Approved 7-0 (consent)
Appearances on agendas
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City Council — April 24, 2023
Adopt ordinance 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 2023,” INCLUDING THE ADOPTION OF ORDINANCE NO. 4460, AUTHORIZING THE ISSUANCE OF SUCH CERTIFICATES OF OBLIGATION, ESTABLISHING PARAMETERS FOR THE SALE AND ISSUANCE OF SUCH CERTIFICATES OF OBLIGATION AND DELEGATING CERTAIN MATTERS TO AN AUTHORIZED OFFICIAL OF THE CITY.
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.