The City of Roma, Texas has issued a Notice of Intention to consider the issuance of one or more series of Certificates of Obligation in an aggregate principal amount not to exceed $6,500,000.
The Roma City Council will consider this item during its regular meeting on:
Date: June 17, 2026
Time: 5:30 P.M.
Location: Roma City Council Chambers
Address: 201 W. Convent Street, Roma, Texas
The proposed Certificates of Obligation would be used to fund permanent public improvements and other public purposes, including:
- Construction, improvement, acquisition, and equipment of the City’s water system
- Construction and improvement of streets, curbs, and sidewalks
- Utility relocation, drainage improvements, land acquisition, equipment, and related project expenses
- Professional services related to construction, design, engineering, and financing
The Certificates would be payable from the levy of an annual ad valorem tax, within the limits prescribed by law, on taxable property within the City. They would also be payable from a lien on and pledge of surplus net revenues from the City’s Utility System.
According to the notice, the City’s current principal of all outstanding debt obligations is $12,796,000, and the combined principal and interest required to pay all outstanding debt obligations on time and in full is $16,950,118.
The estimated combined principal and interest required to pay the proposed Certificates is $8,623,666, with an estimated interest rate of 4.50%. The maximum maturity date of the Certificates is September 1, 2056.
This notice is provided pursuant to the Certificate of Obligation Act of 1971, as amended, Local Government Code Section 271.041 through Section 271.063, and Chapter 1502 of the Texas Government Code.