By Anton Riecher
During the special session of the Devine City Council regarding issuance of certificates of obligation for infrastructure improvements, Jack McLiney of SAMCO Marketing Capital, financial consultants to the city, explained that the financing could be done with no impact to the city tax rate.
“What we have here before us today is the notice of intention resolution,” McLiney said. “This is not a commitment to borrow money. It is merely the first legal step in the process of a bond sale.”
One lift station near the golf course included in the improvements was described as on “life support,” while another was…LOGIN TO CONTINUE READING at www.devinenewsmembers.com. You will get instant access to our full E-edition, and begin getting the newspaper delivered to your home next week for $36 a year in Medina County. Support important local city, county, and school news like this!
