CouncilTrac · Matter
What this is
Council will consider Resolution No. 24-24 to defease and redeem early portions of three outstanding city debt instruments: Combination Tax and Revenue Certificates of Obligation, Series 2012B; Combination Tax and Revenue Certificates of Obligation, Taxable Series 2015B; and Tax Notes, Taxable Series 2021.
Why it matters
Retiring debt early can reduce future interest costs for the city.
Timeline
- July 10, 2026 Agenda posted — September 16, 2024 meeting
Appearances on agendas
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City Council — September 16, 2024
Adopt resolution
Official agenda language
RESOLUTION NO. 24-24, PROVIDING FOR THE DEFEASANCE AND REDEMPTION OF PORTIONS OF THE OUTSTANDING “CITY OF RICHARDSON, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2012B,” “CITY OF RICHARDSON, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, TAXABLE SERIES 2015B” AND “CITY OF RICHARDSON, TEXAS TAX NOTES, TAXABLE SERIES 2021” AND RESOLVING OTHER MATTERS INCIDENT AND RELATED THERETO.
Documents
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