The Herald Banner, Greenville, TX

January 9, 2013

City gives notice of intent to issue certificates of obligation

By BRAD KELLAR
Herald-Banner Staff

GREENVILLE — The City of Greenville is preparing to issue more than $2 million in certificates of obligation to pay for multiple needed items.

The Greenville City Council voted Tuesday to provide the first notice of its intent to issue the certificates.

“We’re just at the beginning of a process,” Finance Director Cliff Copeland said. “We’ve got equipment on this list that inoperative right now and needs to be replaced.”

Following Tuesday’s vote, the City of Greenville must publish a notice of the intent to issue the certificates once a week for two consecutive weeks in the Herald-Banner, with the date of the first publication expected Thursday.

The actual issuance of the certificates is scheduled for February 12.

Among the items which would be paid for through the issuance of no more than $2.5 million in certificates of obligation are $667,000 in improvements at the Animal Control Facility, $40,000 for renovations at Oak Creek Park, $150,000 for a training tower and mobile data terminals and software for the fire department and $890,000 for police records management software and a crime scene trailer for the police department.

City Manager Steven Alexander said the Council has discussed the renovations at the animal shelter for almost two years.

“It is a needed project,” Alexander said. “Further delaying this project is just going to increase the cost of the project.”

The total also includes $131,000 for three mowers, and a batwing for the Parks and Recreation Department, as well as $426,000 for a gradall unit and a three-quarter ton truck for the Streets Department.