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10. • OrdinanceTown of Trophy Club (Denton County)
Consider an ordinance authorizing the defeasance of a portion of the Town's 2014 Certificates of Obligation for an additional amount not to exceed $80,000 to enable the Town to lower future interest expenses and reduce its overall debt burden. (April Duvall, Director of Finance)
Presented in: Town Council Regular Meeting on 2026-08-24
Official Roll-Call Vote
Expands Gov't • 9.1/10 Impact Weight
PASSED (6 - 0)
“Motion to approve Consider an ordinance authorizing the defeasance of a portion of the Town's 2014 Certificates of Obligation for an additional amount not to exceed $80,000 to enable the Town to lower future interest e”
JT
Jeannette Tiffany
Mayor
YES
SN
Sean Nelson
Councilmember, Place 1
YES
TC
T. Clark Simmons
Councilmember, Place 2
YES
DS
Dennis Sheridan
Councilmember, Place 3
YES
RR
Rhylan Rowe
Councilmember, Place 4
YES
GA
Garry Ash
Councilmember, Place 5
YES
Bastiat Liberty & Property Rights Analysis
This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.1/10). 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).