Bank manages 2023 certificates of obligation issue

The City of Johnson City continues its relationship with Lone Star Capital Bank as lead manager for the $1.5 million Combination Tax & Surplus Revenue Certificates of Obligation, Series 2023, issued to fund streets, drainage, and sidewalk improvements. The private placement debt is structured with semi-annual interest, annual principal payments, and call provisions beginning in 2033.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Certificates of Obligation Series 2023; next call date 2023-08-01; term bonds maturing through 2036

Renewal date

2033-08-01

Renewal

Debt is callable in whole or in part beginning 2033-08-01 at par; no renewal, but potential future refunding. Series 2023 was delivered 2023-06-29 and first coupon was 2024-02-01.

Document type

Budget

Source document

city-of-johnson-city-fye-2026-annual-municipal-budget_0d0.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Johnson?

Lone Star Capital Bank was awarded this financial services contract by City of Johnson, as recorded on August 5, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in city-of-johnson-city-fye-2026-annual-municipal-budget_0d0.pdf (Budget), dated August 5, 2025 from City of Johnson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lone Star Capital Bank hold?

Lone Star Capital Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Johnson currently buying?

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Bank manages 2023 certificates of obligation issue

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of Johnson?

What type of contract is this?

Where was this contract approved?

What other contracts does Lone Star Capital Bank hold?

What is City of Johnson currently buying?

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