Notice of Intention to Issue Certificates of Obligation
For Funding of Facility Construction and Capital Improvements
CORPUS CHRISTI, TX – At today’s regularly scheduled Council meeting, Mayor Paulette Guajardo and the City Council approved the publication of a Notice of Intention to issue up to $21,000,000 in certificates of obligation bonds to fund facility construction and capital improvements approved in the Fiscal Year 2022 Capital Improvement Budget.
The City Council adopted a Capital Improvement Budget with $18,014,500 in projects that were to be funded with certificates of obligation.
Those projects include:
- Improvements to Solid Waste facilities
- Parks & Recreation Warehouse Facility
- Citywide Library facility improvements
- The new Police Training Academy
- Improvements to the City Hall including skylight replacement and HVAC improvements
An additional project for improvements to the Health Department building was identified after the Capital Improvement Budget was approved. A total of $2,000,000 will be added to the amount to be issued for a total of $20,014,500 in projects.
The next step will take place at the June 14 Council meeting where the City Council will vote to authorize the issuance of the bonds.
For more information, media representatives can contact Public Information Manager Robert Gonzales at 361-826-3233 or email at firstname.lastname@example.org.