City to Issue $11,425,000 I Owe You

J. Wellington WimpyPrespending bond election procedes is nothing new to the City of Richardson.  When Cith Hall runs out of money, they issue an "I OWE YOU" until they can trick the citizens into voting for the next bond initiative. 

Reading carefully, notice their intent to siphon money from the accumulated surplus after over charging customers for water and sewer service and also grab some cash from property tax collections.  There must be something very special about the property across from Huffines Park that drove the Council to pull a fast one like this.

In this most recent episode, our public servants are engaging in another speculative real estate transaction using the peoples' credit card.  Like Obama attempting to liberally spend using executive orders there is only one way to stop this wildcat Richardson City Council.  Cut off the money.  JUST SAY NO! TO THE NEXT BOND ELECTION.

NOTICE OF INTENTION TO ISSUE CITY OF RICHARDSON, TEXAS

NOTICE OF INTENTION TO ISSUE CITY OF RICHARDSON, TEXAS
CERTIFICATES OF OBLIGATION

TAKE NOTICE that the City Council of the City of Richardson, Texas, shall convene at 7:30 p.m. on the 8th day of December, 2014, at 411 W. Arapaho Road, Richardson, Texas, and, during such meeting, the City Council will consider the passage of an ordinance authorizing the issuance of certificates of obligation in one or more series in an amount not to exceed ELEVEN MILLION FOUR HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($11,425,000) for the purpose of paying contractual obligations to be incurred for the acquisition of public park land and open space and professional services rendered in connection therewith; such certificates of obligation to be payable from ad valorem taxes and a lien on and limited pledge of the net revenues of the City's combined Waterworks and Sewer System. The certificates of obligation are to be issued, and this notice is given, under and pursuant to the provisions of Texas Local Government Code, Subchapter C of Chapter 271, as amended.

The City of Richardson
/s/ Aimee Nemer,
City Secretary

   
Appeared in: The Dallas Morning News on 11/05/2014 and 11/12/2014
 
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