CouncilTrac · Matter
What this is
Council will consider a resolution approving the publication of the legally required public notice that the city intends to issue Series 2025 Certificates of Obligation (a form of city debt).
Why it matters
Publishing this notice is the first formal step toward issuing debt that will be repaid by taxpayers; residents have a window after the notice to petition for an election before debt is issued.
Council action
Motion to approve the Consent Agenda as presented
Moved by Jennifer Justice. Seconded by Ken Hutchenrider.
6 yes · 0 no
The approved minutes report the tally without a name-by-name roll call.
Timeline
- July 9, 2026 Agenda posted — February 24, 2025 meeting
- February 24, 2025 Vote taken — February 24, 2025 meeting · Approved 6-0 (consent)
Appearances on agendas
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City Council — February 24, 2025
Adopt Resolution No. 25-04
Official agenda language
CONSIDER RESOLUTION NO. 25-04, APPROVING AND AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE SERIES 2025 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.