The Herald Banner, Greenville, TX

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January 5, 2013

Certificates of obligation issued for local organizations

GREENVILLE — The local animal shelter, Oak Creek Park and the Greenville Police and Fire Departments are expected to benefit from the issuance by the city of Greenville of more than $2 million in certificates of obligation.

The City Council is scheduled to provide the first notice of its intent to issue the certificates, with the vote during Tuesday’s regular session starting at 6 p.m. in the Municipal Building, 2821 Washington Street. A work session is also set for 5 p.m. Tuesday.

In a memo to the Council, Finance Director Cliff Copeland pointed out that the current city budget included expected purchases of capital equipment and software.

“Some of these items would be  purchased through the General Fund, the Water & Sewer Fund, as well as funded through certificates of obligation,” Copeland explained.

Among the items which would be paid for through the issuance of $2.34 million in certificates of obligation are $640,000 for 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.

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.

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 not less than 31 days prior to the Council’s planned vote on an ordinance authorizing the issuance of the certificates.

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