Consider and take appropriate action on Ordinance O-15-25, an ordinance of the City Council of the City of Kaufman, Texas, providing for the sale and issuance of the City of Kaufman, Texas Combination Tax and Limited Surplus Revenue Certificates of Obligation, Series 2025 in the amount of $5,000,000 for improvements to the Wastewater Treatment Plant, extension of a water line of Highway 34 adjacent to the Agile development, and several water and sewer repairs throughout the City; and ordaining o

Staff Report & Agenda Item Details

This Certificate of Obligation debt issue of $5 million dollars is for improvements to the Wastewater Treatment Plant, extension of a water line of Highway 34 adjacent to the Agile development, and several water and sewer repairs throughout the city. This is a negotiated sale of debt and will not impact the city's current I&S tax rate.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.9/10). 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).