CouncilTrac · Matter
What this is
Ordinance No. 4493 would authorize the issuance and sale of City of Richardson, Texas Combination Tax and Revenue Certificates of Obligation, Series 2024.
Why it matters
Certificates of obligation are a form of city debt that does not require voter approval and will be repaid through a combination of taxes and revenues.
Council action
Motion to approve the Consent Agenda as presented
Moved by Curtis Dorian. Seconded by Arefin Shamsul.
6 yes · 0 no
The approved minutes report the tally without a name-by-name roll call.
Timeline
- July 10, 2026 Agenda posted — April 22, 2024 meeting
- April 22, 2024 Vote taken — April 22, 2024 meeting · Approved 6-0 (consent)
Appearances on agendas
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City Council — April 22, 2024
Adopt Ordinance No. 4493
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 2024,” INCLUDING THE ADOPTION OF ORDINANCE NO. 4493, AUTHORIZING THE ISSUANCE OF SUCH BONDS.
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.