File #: 21-0366    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 3/18/2021 In control: City Council
On agenda: 3/30/2021 Final action: 3/30/2021
Title: One-reading ordinance by the City Council of the City of Corpus Christi, Texas authorizing the issuance of "City of Corpus Christi, Texas Utility System Junior Lien Revenue Notes, Taxable New Series 2021A", in an amount not to exceed $35 million for funding needed for the Gas Utility as a result of the February 2021 Extreme Weather Event; 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: and providing an effective date.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo for the issuance of $35M Utility Revenue Notes, 2. Ordinance for Utilty Revenue Notes

Title

One-reading ordinance by the City Council of the City of Corpus Christi, Texas authorizing the issuance of "City of Corpus Christi, Texas Utility System Junior Lien Revenue Notes, Taxable New Series 2021A", in an amount not to exceed $35 million for funding needed for the Gas Utility  as a result of the February 2021 Extreme Weather Event; 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: and providing an effective date.