2025-O-168
An Ordinance of the City of Laredo, Texas, authorizing the issuance, sale and delivery of "Public Property Finance Contractual Obligations, Series 2025" in the aggregate principal amount of $22,095,000.00 for the purchase of personal property; securing the payment thereof by authorizing the levy of an annual ad valorem tax; approving and authorizing the execution of all instruments and procedures related thereto including a paying agent/registrar agreement and a purchase contract; approving the form of an official statement; authorizing amendment to the city’s budget to appropriate such proceeds for purposes authorized herein; and declaring an effective date...body PREVIOUS COUNCIL ACTION N/A BACKGROUND The City of Laredo is proposing the issuance of several debt instruments to support municipal initiatives. These include Certificates of Obligation, Series 2025; Public Property Finance Contractual Obligations, Series 2025; and Tax Notes, Series 2025, which will fund various capital improvement projects. Additionally, the City plans to issue General Obligation Refunding Bonds, Series 2025, to refinance existing debt obligations to achieve savings. COMMITTEE RECOMMENDATION N/A STAFF RECOMMENDATION
- Committee
- City Council
- Requested by
- Finance
- Introduced
- August 22, 2025
- On agenda
- September 15, 2025
- Passed
- September 15, 2025