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Back to search resultsCOMMUNICATION 220106

Transmitting an ordinance constituting the Twenty-Sixth Supplemental Ordinance to the Restated General Water and Wastewater Revenue Bond Ordinance of 1989, as supplemented; authorizing the Bond Committee to issue and sell one or more series or subseries of tax-exempt or taxable water and wastewater revenue bonds and revenue refunding bonds; authorizing agreements to provide credit enhancement or payment or liquidity sources (or any combination of the foregoing) for such Bonds; providing that such Bonds shall bear interest at fixed or variable rates; determining the sufficiency of pledged Project Revenues; authorizing the Director of Finance to take certain actions with regard to the sale of such Bonds, the investment of proceeds thereof and the City's continuing disclosure obligations with respect to such Bonds; setting forth the use of proceeds of such Bonds; covenanting the payment of interest and principal; supplementing the Restated General Water and Wastewater Revenue Bond Ordinan...

AI summary

This communication, which was placed on file, transmitted a proposed ordinance concerning the possible issuance and sale of tax-exempt or taxable water and wastewater revenue bonds, including bonds used to refinance existing debt. The proposal addressed bond interest rates, pledged water and wastewater revenues, use of bond proceeds, repayment of principal and interest, and related actions by the City's Finance Director.

File details

Status
PLACED ON FILE
Introduced
February 3, 2022
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File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

    Read and filed