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Public Notices - City of Weatherford, Texas Notice of Intention to Issue Certificates of Obligation

Brief Description - CITY OF WEATHERFORD, TEXAS NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION TAKE NOTICE that the City Council of the City of Weatherford, Texas, shall convene at 6:00 p.m. on October 14, 2025, at the City Hall, 303 Palo Pinto, in the City of Weatherford, 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 THIRTY MILLION DOLLARS ($30,000,000) for the purpose of paying contractual obligations to be incurred for: (i) constructing, maintaining and improving streets, including drainage, landscaping, curbs, gutters, sidewalks, signage, traffic signalization and utilities relocation incidental thereto and the acquisition of land and rights-of-way therefor, (ii) constructing, improving and equipping public safety facilities, to-wit: Fire Station #5, including the acquisition of land, easements and rights-of-way therefor, (iii) constructing, renovating, improving and equipping an administrative office building housing governmental functions of the City, including the City’s Public Works Department and the storage of related equipment and vehicles, (iv) acquiring, constructing, improving and equipping park and recreation facilities generally accessible to the public and a part of the City’s park system, including easements and rights-of-way therefor and (v) professional services rendered in connection therewith. 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 $130,080,000; (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 $186,051,976; (iii) the estimated combined principal and interest required to pay the certificates of obligation to be authorized on time and in full is $48,117,418; (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 March 1, 2046. 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 Weatherford, Texas

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Notice of Intent - City of Weatherford CO 2025A.pdf   (107 kb)

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