CouncilTrac · Matter
Resolution 24-05: publish notice of intent to issue Series 2024 certificates of obligation
What this is
The council would authorize publication of the legally required public notice that the city intends to issue Series 2024 Certificates of Obligation, which is a type of debt instrument cities can use to finance capital projects.
Why it matters
Issuing certificates of obligation adds to the city's debt, which is repaid through property taxes and other revenues.
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 26, 2024 meeting
- February 26, 2024 Vote taken — February 26, 2024 meeting · Approved 7-0 (consent)
Appearances on agendas
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City Council — February 26, 2024
Adopt resolution authorizing publication of notice
Official agenda language
RESOLUTION NO. 24-05, APPROVING AND AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE SERIES 2024 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.