Tag Archives: anticipation notes

It’s in the timing

Amarillo city officials are going on trial very soon in which they will have to defend the legitimacy of a multimillion-dollar effort to deliver a new municipal complex of offices and convention space.

The lawsuit comes from businessman Alex Fairly. The trial will be in a Potter County district court. Fairly believes the city acted illegally in issuing $260 million in “anticipation notes.”

I am not going to assess whether the city’s actions broke the law. I am, though, in a position to comment on the timing of the issuance.

You see, voters already had spoken decisively in November 2020 when they rejected a $275 million general obligation bond issue to — that’s right — revamp the Civic Center and relocate City Hall. The City Council didn’t seem to care about what voters decided.

So, it acted without voters’ approval by issuing those anticipation notes. The debt load carried by the notes is virtually identical to the load that voters rejected.

I hate saying this, because for years I was a staunch supporter of City Council initiatives, but the decision to supersede voters’ rejection smacks too much of municipal arrogance.

It’s the timing of the issuance juxtaposed with the rejection of the bond issue that ought to rankle residents. Fairly has intimated, further, that the issuance of the debt notes was done without adequate public notice, giving residents a chance to comment publicly on what they thought about the project.

To be sure, if I still lived in Amarillo and had a chance to vote on the bond issue in November 2020 I likely would have voted “yes” on the city request. I can argue all day and into the night about the need for the city to upgrade its Civic Center and find a new site for City Hall. Most voters, though, said “no” to the proposal.

For the city to then come back and issue the anticipation notes — which do not require voter approval — well, plays right into the righteous anger that fuels a lot of voters’ interest in government.

johnkanelis_92@hotmail.com