Description
Title: Approve a resolution directing the publication of an Official Notice of Intention to Issue $156,265,000 City of Austin, Texas, Certificates of Obligation, Series 2026 in one or more series related to fire and emergency medical service stations, administrative office buildings, a family violence shelter, bridges and dams, public safety facilities, park improvements, street and road improvements, and Waller Creek District improvements. Funding: The fee to advertise the sale will be included in the upcoming bond sale’s cost of issuance and is estimated at $3,000. Debt service resulting from the
Summary
The City of Austin's Resolution No. 26-1826, adopted on May 28, 2026, outlines the intention to issue up to $156.3 million in Certificates of Obligation. This funding is designated for various public projects, including public safety facilities, park improvements, administrative offices, and infrastructure enhancements like streets and drainage systems. These initiatives aim to support community safety and enhance public amenities. The resolution mandates the publication of a notice regarding this intent, ensuring transparency and public awareness. The funds will reimburse prior expenditures and are projected to be paid back through tax levies and limited surplus revenues. This legislation is significant as it enables timely financing for critical city projects, thereby fostering community development and safety in Austin.