City issues $6.94 million in COs for a public safety radio system
Alongside general obligation refunding bonds issued February 22, 2017, the City issued $6,940,000 in Combination Tax and Revenue Certificates of Obligation, Series 2017, to acquire a two-way radio communications system for the public safety department. The certificates mature through February 15, 2037.[1][2][3]
Section 271.047(d) bars a governing body from authorizing certificates for a purpose for which a bond proposition failed at an election in the preceding three years, with exceptions for certain emergencies and for complying with a state or federal law after notice of noncompliance.[4]
✓ Verified
In conjunction with general obligation refunding bonds issued February 22, 2017, the City issued $6,940,000 of Combination Tax and Revenue Certificates of Obligation, Series 2017, to acquire a two-way radio communications system for the public safety department, at 3.00%-3.50% interest, maturing through February 15, 2037.[1][2][3]
Principal
$6,940,000
✓ Verified
At September 30, 2025, $2,835,000 of the Series 2017 certificates remained outstanding.[2]