City Commissioners revise allocations of Hotel-Motel Occupancy Tax

Pictured are the City Commissioners considering a plat designated as the Fairfield Addition to the City of Sweetwater during the City Commission meeting on June 7, 2016.
By: 
Jordan Solis
Staff Writer

The city commissioners considered and approved the adoption of a resolution directing publication of notice of intention to issue Combination Tax and Surplus Revenue Certificates of Obligation during their regular session on June 7, 2016. Andrew Friedman of SAMCO Capital Markets, Inc. gave a presentation over the certificates of obligation. The certificates are 20 year certifications of obligation, and they will be callable after ten years (2026). The adoption of the resolution was approved by the county commissioners.

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