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Title:
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Ordinance authorizing the issuance of City of Corpus Christi, Texas Utility System Junior Lien Revenue Improvement, Series 2022B for Water, Wastewater, and Stormwater Utility improvements in an amount not to exceed $102,000,000, within set parameters and according to the plan of finance set by the City’s financial advisors; making provisions for the payment and security thereof by a junior and inferior lien on and pledge of the net revenues of the city’s utility system on a parity with certain currently outstanding utility system revenue obligations; delegating authority to the City Manager, Chief Financial Officer, Finance Director and certain other authorized officials to approve and execute documents relating to the issuance, sale and delivery of the bonds; enacting other provisions incident and related thereto; and providing an effective date.
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