CITY OF EDNA, TEXAS
NOTICE OF INTENTION TO ISSUE
COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION
The City Council of the City of Edna, Texas (the "City") does hereby give notice of intention to issue one or more series of City of Edna, Texas Combination Tax and Revenue Certificates of Obligation in the maximum aggregate principal amount not to exceed $4,000,000 for the purpose of paying, in whole or in part, contractual obligations to acquire, construct and equip waterworks and sewer system improvements and street, sidewalk and related drainage improvements at various locations in the City (collectively, the "Projects"), and paying all or a portion of the legal, fiscal, and engineering fees in connection with the Projects and costs of issuance related to such Certificates of Obligation. 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 lien on and pledge of "Surplus Revenues," if any, received by the City from the ownership and operation of the City's municipal waterworks and sewer system. The current principal of all currently outstanding debt obligations of the City is $985,000, the combined principal and interest required to pay all currently outstanding debt obligations of the City on time and in full is $1,110,707, the estimated combined principal and interest required to pay the proposed Certificates on time and in full is $5,334,887, the estimated interest rate for the proposed Certificates is 2.85%, and the maximum maturity date of the proposed Certificates is March 15, 2041. The prior statements regarding currently outstanding debt obligations of the City do not include debt that the City has designated as self-supporting and payable from revenues other than ad valorem taxes, if any. The City Council proposes to authorize the issuance of such Certificates of Obligation at 6:00 p.m. on Thursday, September 16, 2021, at a Regular Meeting at the City Hall, City of Edna, Texas.
/s/ Lance Smiga
Mayor, City of Edna, Texas
 Note: This item will be tabled and will be considered for approval by the City Council during a Special Meeting on September 30, 2021, beginning at 6:00 p.m. at the City Hall.