Aug 4, 2026BoardMeeting
BoardCity Council Special Meeting
The council meeting focused on the authorization of issuance and sale of City of Commerce general obligation refunding bonds and combination tax and revenue certificates of obligation, both for the 2026 series. Financial advisors presented an update on the bond sale, including strong market demand, oversubscription, and lower interest rates. The council also discussed budgetary implications, including adjustments to debt service tax rates and the long-term plan for future tax-exempt refinancing. Ordinances for both the refunding bonds and certificates of obligation were approved following presentations and questions.