CouncilTrac · Matter
Resolution 23-08: authorize notice of intent to issue Series 2023 Certificates of Obligation
What this is
The council would authorize publication of the legally required notice that the city intends to issue Series 2023 Certificates of Obligation, a form of debt financing.
Why it matters
Publishing this notice is a required step before the city can borrow money through certificates of obligation, which do not require voter approval.
Council action
Motion to approve the Consent Agenda as presented
Moved by Ken Hutchenrider. Seconded by Arefin Shamsul.
7 yes · 0 no
The approved minutes report the tally without a name-by-name roll call.
Timeline
- July 10, 2026 Agenda posted — February 27, 2023 meeting
- February 27, 2023 Vote taken — February 27, 2023 meeting · Approved 7-0 (consent)
Appearances on agendas
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City Council — February 27, 2023
Adopt resolution on consent
Official agenda language
RESOLUTION NO. 23-08, APPROVING AND AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE SERIES 2023 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.