League City residents are invited to speak at public hearings on June 26 and August 14 regarding a proposed ordinance that would authorize the issuance of certificates of obligation (COs) for an amount not to exceed $11.7 million. If approved by Council, the COs would fund:
- Contractual obligations for acquisition, design, construction, and improvement of public works, including street and traffic improvements and drainage improvements, and for the purchase of materials, supplies, equipment, machinery, building, land and rights-of-way related thereto;
- New animal shelter;
- Public safety facilities, including Fire Station #6 which will support 24-hour operations and include living quarters, three bays, and a pumper;
- Related and incidental costs including the issuance costs of the certificates.
The certificates of obligation will be payable from the levy of an annual ad valorem tax, within the limits prescribed by law, upon all taxable property within the City.
The public hearings on June 26 and August 14 will both be held in council chambers, located at 200 West Walker, during the regularly scheduled council meetings which start at 6 p.m. Council is scheduled to vote on the issue at the August 14 meeting.
If prior to City Council approval, the City Secretary receives a petition signed by at least five percent of the qualified voters of the City protesting the issuance of the certificates of obligation, the City may not authorize the issuance unless approved at an election ordered, held, and conducted in the manner provided for bond elections under Texas Government Code, Chapter 1251.