Extendable Commercial Paper Program

At a glance

• What: A general obligation extendable commercial paper program, Series A, letting the City borrow short term up to $350,000,000 outstanding, with issuance costs up to $855,000.
• Where it stands: Approved 11 to 3 on October 14, 2026.

Detail

• West moved adoption; Blackmon seconded.
• Mendelsohn moved a subsidiary motion to cap the program at $100,000,000 (Ridley seconded); it failed. West moved a secondary subsidiary motion for $250,000,000 (Willis seconded); it failed.
• Final vote: Roth, Mendelsohn and Ridley voted no; Bazaldua was absent.

Sources

• Council minutes, October 14, 2026 (Item 30): https://citysecretary2.dallascityhall.com/pdf/CC2026/101426Min.pdf

Log

2026-10-14 - City Council

Adopted 11 to 3 after a $100 million cap and a $250 million cap both failed.