News Flash Home
The original item was published from 5/18/2022 8:02:00 AM to 8/12/2022 12:00:07 AM.

News Flash

Communications & News Releases

Posted on: May 18, 2022

[ARCHIVED] Notice of Intention to Issue Certificates of Obligation

CITY OF GRANBURY, TEXAS NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION

TAKE NOTICE that the City Council of the City of Granbury, Texas, shall convene at 6:00 p.m. on July 19, 2022, in the City Council chambers located at 116 W. Bridge Street, in the City of Granbury, Texas, and, during such meeting, the City Council will consider the passage of one or more ordinances authorizing the issuance of certificates of obligation in one or more series in an amount not to exceed FORTY-SEVEN MILLION DOLLARS ($47,000,000) for the purpose of paying contractual obligations to be incurred for:   (i) constructing street improvements, including drainage, landscaping, curbs, gutters, sidewalks, signage and traffic signalization incidental thereto; (ii) constructing, improvements and extension to the City’s combined water, sewer and electric system and (iii) professional services rendered in connection therewith; such certificates to be payable from ad valorem taxes and a limited pledge of the net revenues of the City’s combined water, sewer, and electric system.  In accordance with Texas Local Government Code Section 271.049, (i) the current principal amount of all of the City’s outstanding public securities secured by and payable from ad valorem taxes is $123,245,000; (ii) the current combined principal and interest required to pay all of the City’s outstanding public securities secured by and payable from ad valorem taxes on time and in full is $156,904,415; (iii) the estimated combined principal and interest required to pay the certificates of obligation to be authorized on time and in full is $68,382,688; (iv) the maximum interest rate for the certificates may not exceed the maximum legal interest rate; and (v) the maximum maturity date of the certificates to be authorized is August 15, 2042.  The certificates are to be issued, and this notice is given, pursuant to the provisions of Texas Local Government Code, Subchapter C of Chapter 271, as amended.

City Secretary
City of Granbury, Texas

Public Notice
Facebook Twitter Email

Other News in Communications & News Releases

Columbus Day is Monday, Oct. 10

Posted on: October 6, 2022

Attention Builders: Submit your bid

Posted on: October 5, 2022

ROAD CONSTRUCTION ALERT

Posted on: September 23, 2022

Moratorium Extended 12 months

Posted on: September 21, 2022

Fall Festival Volunteers Needed

Posted on: September 13, 2022

Water restrictions lifted

Posted on: September 6, 2022

Water Award

Posted on: September 6, 2022

Are you registered to vote?

Posted on: August 24, 2022

HB4150 Progress Report

Posted on: June 27, 2022

New Fountain in Hewlett Park

Posted on: May 19, 2022

Power Lines Notice

Posted on: April 4, 2022

New Noise Ordinance passed

Posted on: February 16, 2022