Series 2026 Debt Issuance

At a glance

What: Council approved on first and final reading five debt ordinances: certificates of obligation, tax notes, contractual obligations, airport certificates of obligation and sports venue sales tax revenue bonds, together about $86.7 million at the stated maximum or approximate amounts.
Where it stands: All five approved September 21, 2026, 8-0 with no vote recorded for Rangel.

Ordinance 2026-O-175: up to $6,500,000 Combination Tax and Revenue Certificates of Obligation, Series 2026A (municipal buildings, library facilities, parks, flood control and drainage); secured by an annual property tax and surplus International Toll Bridge System revenues.
Ordinance 2026-O-176: approximately $19,650,000 Tax Notes, Series 2026 (streets, sidewalks, bridges, drainage, public safety facilities, municipal buildings, parks).
Ordinance 2026-O-177: approximately $28,860,000 Public Property Finance Contractual Obligations, Series 2026 (purchase of personal property).
Ordinance 2026-O-178: up to $15,000,000 Combination Tax and Airport Revenue Certificates of Obligation, Series 2026B (AMT) (airport terminal improvements and a new airfield maintenance building).
Ordinance 2026-O-179: approximately $16,720,000 Sports Venue Sales Tax Revenue Bonds, Taxable Series 2026 (improvements to previously approved sports complex projects and related infrastructure), secured by a pledge of a sales tax.
M. Cigarroa moved and Gutierrez seconded the first and final reading motion; 8-0 for, no vote recorded for Rangel.
Related: Fiscal Year 2027 City Budget, Airport Terminal Improvements.

Items 15 to 19 approved on first and final reading, 8-0.