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The City Council approved issuing City of Coppell General Obligation Refunding Bonds, Series 2026, with maximum savings of 5% and a maximum TIC rate of 2.75%. The council also postponed the $115,000 Smart Cities Master Plan contract to May 26 and rejected two land-use proposals after tied votes.
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The bond refinancing authorizes the city to replace existing debt under limits intended to control the financing cost and savings. The council approved technology and park-related purchases totaling $798,415.76, while delaying the Smart Cities Master Plan contract for further consideration. A proposed five-year concrete batch plant and a 14,480-square-foot commercial center were not approved because each proposal failed on a 3-3 vote.
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