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Public notice

Pharr City to Consider $17M Bond for Bridge Expansion

original file: Notice of Intent to Issue
Pharr

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What is this?

This public notice informs that the Pharr City Commission will meet on November 3, 2025 to consider an ordinance allowing the city to issue up to $17,000,000 in bonds to fund the expansion of the city‑owned International Bridge System.

Key figures

Meeting date and time November 3, 2025 at 4:00 p.m.
Maximum principal amount for new certificates $17,000,000
Limited pledge from water and sewer surplus revenues $1,000
Estimated total (principal + interest) to repay new certificates $38,377,500
Assumed interest rate for estimate 6.00%
Current outstanding tax‑supported debt (principal only) $70,999,000
Current outstanding tax‑supported debt (principal + interest) $90,794,650
Maximum term for the new certificates 40 years
Generated by gpt-oss:120b