During its April 21 meeting, Tomball City Council approved publishing a notice of intent to issue $30 million in certificates of obligation—a way cities can borrow money—to fund capital projects.
“It doesn't obligate the city to issue the debt,” Assistant City Manager Jessica Rogers said. “It allows us to start the process that over the next few months, we'll be going through and doing our due diligence and preparing for the issuance that would occur in June.”
Rogers said by publishing the notice of intent, the city can not exceed the $30 million amount for the issuance.
The details
