Welcome to Edgewood!

NOTICE IS HEREBY GIVEN that the City Council of the City of Edgewood, Texas, at its

meeting to commence at 6:30 P.M. on May 18, 2020, at the City Hall, 107 N.E. Front Street,

Edgewood, Texas, tentatively proposes to adopt an ordinance authorizing the issuance of interest

bearing certificates of obligation, in one or more series, in an amount not to exceed $1,540,000

for paying all or a portion of the City’s contractual obligations incurred in connection with (i)

acquiring, constructing, installing, and equipping additions, improvements, extensions, and

equipment for the City’s sewer system, including wastewater treatment plant, sewer lines,

manholes, pumping facilities, valves and related infrastructure improvements; and (ii) legal,

fiscal and engineering fees in connection with such projects. The maximum interest rate for the

certificates may not exceed the maximum legal interest rate. The maximum maturity date for the

certificates is May 1, 2040. The estimated combined principal and interest required to pay the

certificates to be authorized on time and in full is $2,000,000. The current principal of all

outstanding debt obligations of the City is $695,000. The current combined principal and interest

required to pay all outstanding debt obligations of the City on time and in full is $695,000. The

City proposes to provide for the payment of such certificates of obligation from the levy and

collection of ad valorem taxes in the City as provided by law and from a pledge of surplus

revenues of the City’s waterworks and sewer system, remaining after payment of all operation

and maintenance expenses thereof, and all debt service, reserve, and other requirements in

connection with all of the City’s revenue bonds or other obligations (now or hereafter

outstanding), which are payable from all or any part of the net revenues of the City’s waterworks

and sewer system. The certificates of obligation are to be issued, and this notice is given, under

and pursuant to the provisions of V.T.C.A., Local Government Code, Subchapter C of Chapter

271.

CITY OF EDGEWOOD, TEXAS

Edgewood, Texas is a beautiful historical town located approximately 60 miles east of Dallas. Founded in the late 1800’s, Edgewood began as a shipping depot on the Texas and Pacific railroad tracks. Today, Edgewood is known for it’s family-friendly, tight-knit community, making it a wonderful place to call home!