Seguin has posted notice that its City Council plans to consider up to $74.75 million in certificates of obligation on Jan. 5, 2027, for public works and facilities. The borrowing is proposed; the notice announces a future decision rather than an issuance of debt.
Seguin taxpayers and utility customers are connected to the plan because the notice names property taxes and certain utility revenues as repayment sources. The city's estimate for the proposed certificates is $177,387,343 in total principal and interest, a figure that includes borrowing costs over time rather than just the amount it proposes to raise.
From the source record
The retained extraction of Seguin's notice lists a $74.75 million ceiling for proposed certificates of obligation and a Jan. 5, 2027, council consideration date.City of Seguin ↗
What the borrowing would cover
The listed uses span the combined utility system; streets, bridges and sidewalks; public safety facilities and vehicles; administrative and public works facilities; and drainage and flood prevention. The notice also includes related land, rights of way, supplies and professional services. These are categories of authorized work, not a project-by-project allocation of the proposed borrowing.
The notice lists $516.24 million in outstanding tax-secured principal and more than $1 billion in combined principal and interest for those existing securities. Those figures describe existing obligations separately from the proposed certificates. The proposed certificates have a stated maximum maturity of Sept. 1, 2062.
The January decision
Council is scheduled to consider authorization at 5:30 p.m. Jan. 5, 2027, at City Hall. Authorization and any final borrowing terms will have to be checked against the council's subsequent action record. Readers can inspect the city's notice for the stated uses, repayment sources and borrowing ceiling before that decision.