· Related development
Council adopts the airport-hangar COs 5-0; no action taken on the $13.5 million street COs
The council adopted Ordinance No. 8124 authorizing up to $3,250,000 in Combination Tax and Revenue Certificates of Obligation, Taxable Series 2024, for municipal airport hangars, 5-0. On Ordinance No. 8125, for up to $13,500,000 in Series 2024 certificates for streets, Mayor Cole Stanley stated that no action would be taken. The minutes give no reason, and no later 2024 council action on those certificates was found.[1][2]
Cole StanleyJosh CraftDon TippsTom ScherlenLes SimpsonLaura Storrs
What the sources say
- ✓ Verified
On March 26, 2024 the council adopted Ordinance No. 8124 authorizing "City of Amarillo, Texas, Combination Tax and Revenue Certificates of Obligation, Taxable Series 2024," in a maximum principal amount of $3,250,000 for municipal airport hangars, 5-0 on a motion by Tom Scherlen seconded by Les Simpson. The memo said notices ran in the Amarillo Globe-News on January 26 and February 2, 2024 and on the City's website. [1][2]
- ✓ Verified
Ordinance No. 8125 would have authorized up to $13,500,000 in Series 2024 certificates for streets. Its memo said the annual debt service would be included in the 2024 property tax rate and that the council "chose to keep the 2023 property tax rate lower than the state allowed maximum rate knowing that this debt issuance would increase the 2024 property tax rate." At the meeting, "Mayor Stanley stated no action would be taken on this item." [2][1]
- Unverified
The minutes give no reason for taking no action on the street certificates, and no news report or City statement explaining it was found. No later 2024 council minutes on the City's meeting portal record action on Series 2024 street certificates. The site does not assert a reason. [1]