SUBJECT
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A Resolution directing publication and posting of notice of intention to issue City of Laredo, Texas Combination Tax and Revenue Certificates of Obligation, in one or more series, in the maximum principal amount of $30,000,000.00 for various capital improvements, including: (1) acquiring, constructing, improving and equipping facilities to improve City telecommunications, wireless communications, information technology systems, applications, hardware, software, and cybersecurity; (2) renovating, improving, and equipping existing municipal buildings and facilities, (3) acquiring equipment and vehicles for various City departments, including the public safety departments, (4) acquiring, constructing, improving and equipping public safety facilities, including a fire station, (5) Acquiring, constructing, improving and equipping parks and recreational facilities, (6) planning, constructing, improving and repairing streets, sidewalks, bridges and drainage improvements, together with right-of-ways acquisition, traffic and street signalization, landscaping, and lighting improvements, (7) purchasing real property, materials, supplies, equipment, information technology, machinery, landscaping, land, and rights of way for authorized needs and purposes related to the aforementioned capital improvements and (8) paying legal, fiscal and engineering fees in connection with such projects.
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PREVIOUS COUNCIL ACTION
Presentation of the Plan of Finance by Noe Hinojosa of Estrada-Hinojosa & Company on July 22, 2024.
BACKGROUND
The City of Laredo is proposing to sell various bonds including a Certificate of Obligation Bond in the maximum principal amount of $30,000,000.00 to fund various capital improvement projects.
State law, particularly, Chapter 271 of the Local Government Code (the "Certificates of Obligation Act") requires that notice (the "Notice"), the form of which is attached to this resolution as Exhibit A, be both posted on the City's website an...
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