Finance Department
| Finance Director- Raquel Navarro Phone P: 830-569-3867 ext.228 Email: rnavarro@pleasantontx.gov Phone: 830-569-5974 |
The City of Pleasanton is committed to transparency. As a transparent government, the City provides citizens with access to resources that provide clarity and understanding about finance operations.
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NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION
NOTICE IS HEREBY GIVEN that on October 12, 2023, the City Council of the City of Pleasanton, Texas, at 5:30 p.m. at a regular meeting of the City Council to be held at City Hall, 108 Second Street, Pleasanton, Texas, the regular meeting place of the City Council (unless alternative meeting arrangements are required to address public health concerns, which meeting arrangements will be specified in the notice of such meeting posted in accordance with applicable law), which is the time and place tentatively set for the passage of one or more ordinances and such other action as may be deemed necessary to authorize the issuance from time to time of one or more series of the City’s certificates of obligation (the “Certificates”), in the maximum aggregate principal amount not to exceed EIGHT MILLION DOLLARS ($8,000,000), payable from ad valorem taxes and from a lien on and pledge of certain revenues derived by the City from the operation of the City’s combined utility system in an amount not to exceed $1,000, bearing interest at any rate or rates not to exceed the maximum interest rate authorized by law, as shall be determined within the discretion of the City Council of the City at the time of issuance of the Certificates, and maturing over a period not to exceed forty (40) years from the date of issuance, for the purposes of evidencing the indebtedness of the City for all or any part of the costs associated with (1) constructing, acquiring, purchasing, renovating, equipping, enlarging, and improving the City's utility system; (2) the purchase of materials, supplies, equipment, land, and rights-of-way for authorized needs and purposes relating to the utility system improvements; and (3) the payment of professional services related to the design, construction, project management, and financing of the aforementioned projects and to pay the costs associated with the issuance of the Certificates. The estimated combined principal and interest required to pay the Certificates on time and in full is $12,498,500. Such estimate is provided for illustrative purposes only and is based on an assumed interest rate of 5.00%. Market conditions affecting interest rates vary based on a number of factors beyond the control of the City, and the City cannot and does not guarantee a particular interest rate associated with the Certificates. As of the date of this notice, the aggregate principal amount outstanding of tax-supported debt obligations of the City is $32,915,000, and based on the City’s expectations, as of the date of this notice the combined principal and interest required to pay all of the outstanding tax-supported debt obligations of the City on time and in full is $40,467,170.20.
WITNESS MY HAND, this 10th day of August, 2023.
/s/ Andres Aguirre
City Secretary
City of Pleasanton, Texas
NOTICE OF POSTPONEMENT OF CONSIDERATION OF THE ISSUANCE OF THE CERTIFICATES
View Full Notice Here: NOTICE OF POSTPONEMENT
NOTICE Of BANK BID PUBLICATION
BANK BID PUBLICATION
BANK DEPOSITORY APPLICATION
SECOND NOTICE OF POSTPONEMENT OF CONSIDERATION OF THE ISSUANCE OF THE CERTIFICATES
View Full Notice here: SECOND NOTICE OF POSTPONEMENT
