July 20, 2018 – City of Mission Certificates of Obligations

NOTICE OF INTENT TO ISSUE
CITY OF MISSION, TEXAS
CERTIFICATES OF OBLIGATION, SERIES 2018

TAKE NOTICE that the City Council (the City Council) of the City of Mission, Texas (the City), shall tentatively convene at 5:30 p.m. on the 27th day of August, 2018, at its regular meeting place in the City Council Chambers at 1201 E. 8th Street, Mission, Texas 78572 and during such meeting, the City Council will consider the passage of an ordinance authorizing the issuance of certificates of obligation in an amount not to exceed $12,500,000 to pay for contractual obligations for the following purposes: the purchase of commercial sanitation vehicles and commercial garbage bins; construction, repair, rehabilitation and renovation of municipal buildings; to engage engineers for the purpose of planning and designing public utilities and improvements in the southwestern part of the City; and payment of the costs of issuance of the certificates of obligation. The Certificates of Obligation will be payable from a combination of the City’s ad valorem tax within the limits authorized by law on all taxable property of the City, and a limited pledge of $1,000 from the net revenues from the operation of the City’s water and sewer system. The Certificates of Obligation are to be issued, and this notice is given, under and pursuant to the provisions of the Certificates of Obligation Act of 1971, as amended, Local Government Code Section 271.041 through Section 271.063.

Dr. Armando Ocana, Mayor
City of Mission, Texas