Ordinance - GO Refunding Bond Sale 2026

Staff Report & Agenda Item Details

Ted Chinn, Director of Finance, introduced Jason Hughes, Senior Managing Director, Hilltop Securities, Inc., who reviewed the parameter bond sale and Waterworks and Sewer System Revenue Refunding and Improvement Bonds, Series 2026. He also reviewed the Notice of Intention to issue Certificates of Obligation. Mr. Murden moved to approve Ordinance No. 5232, AN ORDINANCE AUTHORIZING THE ISSUANCE FROM TIME TO TIME OF CITY OF MESQUITE, TEXAS, PERMANENT IMPROVEMENT BONDS, PERMANENT IMPROVEMENT REFUNDING BONDS AND PERMANENT IMPROVEMENT AND REFUNDING BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $53,825,000; PROVIDING FOR THE AWARD OF THE SALE THEREOF IN ACCORDANCE WITH SPECIFIED PARAMETERS; LEVYING A TAX IN PAYMENT THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF A PAYING AGENT/REGISTRAR AGREEMENT, AN ESCROW AGREEMENT AND A PURCHASE AGREEMENT; APPROVING THE OFFICIAL STATEMENT; AND ENACTING PROVISIONS INCIDENT AND RELATING TO THE SUBJECT AND PURPOSES OF THIS ORDINANCE. Motion was seconded by Ms. Rodriguez-Ross and approved unanimously. (Ordinance No. 5232 recorded in Ordinance Book No. 136.)

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 9.1/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.