City of Alamo Heights, TX
05/12/2026 | News release | Distributed by Public on 05/12/2026 14:55
Notice of Intention to Issue Combination Tax and Revenue Certificates of Obligation
May 12, 2026
NOTICE OF INTENTION TO ISSUE CITY OF ALAMO HEIGHTS, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
The City of Alamo Heights does hereby give notice of intention to issue Combination Tax and Revenue Certificates of Obligation, in one or more series, in the maximum principal amount not to exceed $8,000,000, for the purpose of paying, in whole or in part, contractual obligations incurred to: finance the construction, acquisition, and equipping of improvements to the City's waterworks and sewer system, and paying legal, fiscal and engineering fees in connection with such projects. The City proposes to provide for the payment of such Combination Tax and Revenue Certificates of Obligation from the levy and collection of ad valorem taxes in the City as provided by law, and from a lien on and pledge of "Surplus Revenues," if any, received by the City from the ownership and operation of the City's waterworks and sewer system. In accordance with Section 271.049, as amended, Texas Local Government Code, (i) the current principal amount of all of the City's outstanding public securities secured by and payable from ad valorem taxes is $12,740,000; (ii) the current combined principal and interest required to pay all of the City's outstanding public securities secured by and payable from ad valorem taxes on time and in full is $15,181,735; (iii) the estimated combined principal and interest required to pay the Certificates to be authorized on time and in full is $13,799,811; (iv) the maximum interest rate for the Certificates may not exceed the maximum legal interest rate; and (v) the maximum maturity date of the Certificates to be authorized is August 15, 2047. The City Council intends to consider an Ordinance or ordinances authorizing the issuance of City of Alamo Heights, Texas Combination Tax and Revenue Certificates of Obligation, at a Regular City Council Meeting to be held at 5:30 p.m. on Monday, July 13, 2026, at the City Hall, Alamo Heights, Texas.
/s/ Elsa T. Robles, TRMC
City Secretary, City of Alamo Heights, Texas
2026 Notice of Intent
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