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Crane County Courthouse
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Welcome to Crane County, Texas
Crane County Commissioners’ Court meets the 2nd and 4th Tuesday of each month @10:00 a.m.

 

NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION

NOTICE IS HEREBY GIVEN that the Commissioners Court of Crane County, Texas, will convene at 10:00 a.m. on the 26th day of January, 2021, at its regular meeting place thereof in the Commissioners Courtroom of the Crane County Courthouse, 201 W. 6th Street, Crane, Texas, and, during such meeting, the Commissioners Court will consider passage of an order and take such other actions as may be deemed necessary to authorize the issuance of the following: certificates of obligation (the “certificates”), in an aggregate principal amount not to exceed $8,300,000, for the purpose of paying contractual obligations to be incurred for (1) the construction and equipping of a Law Enforcement Center, to include the County Jail, Sheriff’s Department and Training facility; and (2) the payment of professional services and costs of issuance related thereto. The certificates will be payable from the levy of an annual ad valorem tax, within the limitations prescribed by law, upon all taxable property within the County. The certificates are to be issued, and this notice is given, under and pursuant to the provisions of the Certificate of Obligation Act of 1971, as amended, Local Government Code Section 271.041, et seq.

As further required by Local Government Code Section 271.049(b)(4)-(6), the following additional information is provided:

(A) The current principal of all outstanding debt obligations of the County is $0.

(B) The current combined principal and interest required to pay all outstanding debt obligations of the County on time and in full is $0.

(C) The maximum principal amount of the certificates to be authorized is $8,300,000.

(D) The estimated combined principal and interest required to pay the certificates to be authorized on time and in full is approximately $11,437,607.

(E) The estimated interest rate for the certificates to be authorized is 2.610%.

(F) The maximum maturity date of the certificates to be authorized is February 15, 2046.

Pursuant to Texas Local Government Code Section 271.049, an election on the question of the issuance of the certificates will be called if before the time tentatively set for the authorization and issuance or if before the authorization of the certificates, the County Clerk receives a petition signed by at least five percent of the qualified voters of the County protesting the issuance of the certificates, the County may not issue the certificates unless the issuance is approved at an election ordered, held and conducted in the manner provided for bond elections.

Roy Hodges
  County Judge
             Crane County, Texas

 

 

 

 

 

 

 

 

 

 

 

 

Heroes Mile.pdf
  

H.E.A.R.T.
A Faith Based Group For Veterans and First Responders
Will be meeting every 1st Tuesday of each month at 10 am, at
the Northside Community Building 111 N. Katherine St.
Crane, Texas 79731 starting February 4th at 10am.
Point of Contact Gary Kennedy 432-230-9078.