24 • OrdinanceCity of Mansfield (Tarrant County)

Ordinance – An Ordinance of the City Council of the City of Mansfield, Texas Authorizing the Issuance and Sale of City of Mansfield, Texas Combination Tax and Revenue Certificates of Obligation, Series 2025, in the Aggregate Principal Amount of Not to exc

Presented in: City of Mansfield City Council on 2024-12-09

Official Roll-Call Vote

Expands Gov't • 8.4/10 Impact Weight

PASSED (4 - 0)

“A motion was made by Council Member Short to approve the following ordinance: AN ORDINANCE OF THE CITY OF MANSFIELD, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF CITY OF MANSFIELD, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025, IN THE AGGREGATE PRINCIPAL AMOUNT OF $139,615,000; LEVYING A TAX IN PAYMENT THEREOF; PRESCRIBING THE FORM OF SAID CERTIFICATES; AUTHORIZING THE EXECUTION AND DELIVERY OF A PURCHASE AGREEMENT, A PAYING AGENT/REGISTRAR AGREEMENT, AND A BOND COUNSEL ENGAGEMENT LETTER; APPROVING THE OFFICIAL STATEMENT; AND ENACTING OTHER PROVISIONS RELATING THERETO (Ordinance in its entirety located in the City Secretary's Office) Seconded by Council Member Bounds. The motion CARRIED by the following vote:”

Michael Evans

Mayor (Place 1)

YES

“Aye”

Tamera Bounds

Councilmember, Place 2 (Place 2)

YES

“Aye”

Brent Newsom

Councilmember, Place 3 (Place 3)

YES

“Aye”

Juan Fresquez

Councilmember, Place 4 (Place 4)

YES

“Aye”

Todd Tonore

Councilmember, Place 6 (Place 6)

ABSENT

“Absent”

Staff Report & Agenda Item Details

A motion was made by Council Member Short to approve the following ordinance: AN ORDINANCE OF THE CITY OF MANSFIELD, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF CITY OF MANSFIELD, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025, IN THE AGGREGATE PRINCIPAL AMOUNT OF $139,615,000; LEVYING A TAX IN PAYMENT THEREOF; PRESCRIBING THE FORM OF SAID CERTIFICATES; AUTHORIZING THE EXECUTION AND DELIVERY OF A PURCHASE AGREEMENT, A PAYING AGENT/REGISTRAR AGREEMENT, AND A BOND COUNSEL ENGAGEMENT LETTER; APPROVING THE OFFICIAL STATEMENT; AND ENACTING OTHER PROVISIONS RELATING THERETO (Ordinance in its entirety located in the City Secretary's Office) Seconded by Council Member Bounds. The motion CARRIED by the following vote:

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.4/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).