· Related development
City issues $8.52 million in Series 2026 COs for fleet replacements
The City published notice that the council would consider up to $10 million in Series 2026 COs on December 9, 2025 for park facilities and vehicles and equipment for nine departments. The City's FY2025 financial report records $8,520,000 in Series 2026 COs for fleet replacements, paid through property taxes.[1][2]
What the sources say
- ✓ Verified
The City's notice set a December 9, 2025 meeting to consider up to $10,000,000 in Series 2026 certificates for park facilities and vehicles and equipment for the waterworks and sewer, street, traffic, solid waste, parks, fleet, animal management and welfare, drainage and environmental health departments; it stated outstanding tax-supported principal of $212,736,000 and estimated principal and interest on the new certificates of $10,863,023.[1]
- Max principal
- $10,000,000
- Outstanding tax supported
- $212,736,000
- Est principal and interest
- $10,863,023
- ✓ Verified
The City's FY2025 financial report (subsequent events) records $8,520,000 of Combination Tax and Revenue Certificates of Obligation, Series 2026, at 4%-5% interest, for fleet replacements to be paid through property taxes.[2]
- Principal
- $8,520,000