City Council plans to issue Certificates of Obligation for sewer system improvements.
Official Courthouse Record · AI-summarized for clarity
What You Should Do Next
- 1
Attend City Council Meeting
Join the meeting on March 31, 2026, at 6:00 p.m. at City Hall.
- 2
Review Financial Implications
Consider how the issuance may affect local taxes and services.
- 3
Contact City Officials
Reach out to the City Council for any questions before the meeting.
Frequently Asked Questions
- What is the purpose of the Certificates of Obligation?
- They are intended for the construction and equipment of improvements to the City's Sewer System.
- When will the City Council meet regarding this issue?
- The meeting is scheduled for March 31, 2026, at 6:00 p.m.
- What is the maximum amount of Certificates of Obligation to be issued?
- The maximum amount is $5,000,000.
- What is the estimated interest rate for the Certificates?
- The estimated interest rate is 5.5%, subject to market conditions.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION NOTICE IS HEREBY GIVEN that the City Council of the City of Rio Vista, Texas (the "City"), will meet in the Rio Vista City Hall, 201 S. Highway 174, Rio Vista, Texas 76093, at 6:00 p.m. on the 31st day of March, 2026, to adopt an Ordinance and take such other action as may be deemed necessary to authorize the issuance of the City of Rio Vista, Texas Certificates of Obligation, payable from City ad valorem taxes and a limited pledge, not to exceed $10,000 of the revenues of the waterworks and sewer system of the City, in the maximum aggregate principal amount of $5,000,000, bearing interest at any rate or rates, not to exceed the maximum interest rate now or hereafter authorized by law, as shall be determined within the discretion of the City Council, and maturing over a period of years not to exceed twenty-five (25) years from the date thereof, for the purpose of evidencing the indebtedness of the City for all or any part of the cost of the construction and equipment of improvements to the City's Sewer System, and professional services incurred in connection therewith. The public is further hereby notified as follows: (a) As of the date of this notice the current principal balance of all outstanding debt obligations of the City is $0.00. (b) As of the date of this notice the combined principal and interest required to pay all outstanding debt obligations of the City on time and in full (which is based on the City's expectations related to the interest due on any variable rate debt of the City) is $0.00. (c) The maximum principal amount of Certificates of Obligation to be issued is$5,000,000. (d) The estimated combined principal and interest required to pay the Certificates of Obligation to be authorized on time and in full is $7,476,617.52. (e) The estimated interest rate for the Certificates of Obligation to be issued is 5.5%.Such interest rate may vary based on market conditions but will not exceed the maximum legal interest rate. (f) The maximum maturity date of the Certificates of Obligation to be authorized is February 15, 2046. WITNESS MY HAND, the 10th day of February, 2026 Mayor /s/ Jeff F. Faraizl City of Rio Vista, Texas