Mar 15, 2022 · Related development

City issues $6.815 million in COs for park lighting

The City issued $6,815,000 in Combination Tax and Revenue COs, Series 2022, for acquiring, constructing, improving and installing lighting for park and recreational facilities, maturing through 2043.^[1]^[2]^[3]

What the sources say

✓ Verified
The City issued $6,815,000 of Combination Tax and Revenue Certificates of Obligation, Series 2022, for acquiring, constructing, improving and installing lighting for park and recreational facilities, at 3.00%-4.00% interest, maturing through 2043.^[1]^[2]
Principal
$6,815,000
✓ Verified
On March 22, 2022, after a presentation by Assistant City Manager Laura Storrs and Specialized Public Finance, the council adopted Ordinance No. 7972 authorizing "City of Amarillo, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2022" for acquiring, constructing, improving and installing lighting for park and recreational facilities, payable from property taxes and a limited pledge of the waterworks and sewer system. The vote was 3-1: Mayor Pro Tem Freda Powell and Councilmembers Eddy Sauer and Howard Smith voted yes, Councilmember Cole Stanley voted no, and Mayor Ginger Nelson was absent for the item. The minutes do not state the amount. ^[3]
⚠ Sources differ
City documents give different issue dates for the $6,815,000 Series 2022 certificates.
Reported value 1[1]
Value
2022-03-15
ACFR Note 13 ("On March 15, 2022, the City ... issued").
Reported value 2[2][3]
Value
2022-03-22
Schedule of debt at September 30, 2022 (issue date column); also the date the council adopted Ordinance No. 7972.
Reported value 3[1]
Value
2022-04-21
ACFR combined schedule of outstanding debt issuances (issue date column).

Related events

Sources

1.City of Amarillo Annual Comprehensive Financial Report, fiscal year ended September 30, 2025 — City of Amarillo, Jun 4, 2026 · retrieved Oct 9, 2026primarySubject-authoredNote 13 (long-term obligations) describes each certificate-of-obligation series; Note 29 (subsequent events) records the Series 2026 and 2026A certificates, the Series 2026 PPFCOs and 2026 water-sewer revenue bonds. Issue dates differ in places between Note 13 and the statistical tables.
2.Schedule of Debt, City of Amarillo, September 30, 2022 — City of Amarillo, Mar 1, 2026 · retrieved Oct 9, 2026primarySubject-authoredSchedule as of September 30, 2022; this copy was posted in March 2026 (upload folder). Lists issue dates for each series.
3.Amarillo City Council Regular Meeting Minutes, 2022-03-22 — City of Amarillo, Mar 22, 2022 · retrieved Oct 14, 2026primarySubject-authoredScanned minutes (OCR). States: "Councilmember Stanley requested Agenda Items No. 2-F, 2-G, 2-H and 2-I be removed for separate consideration" and, for each, "voting NO was Councilmember Stanley; absent were none; the motion passed by a 4-1 vote." Item 3F records Ordinance No. 7972 (Certificates of Obligation, Series 2022, park lighting) passed 3-1, Mayor Nelson absent.