File #: 22-1049    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 6/2/2022 In control: City Council
On agenda: 6/14/2022 Final action: 6/28/2022
Title: Ordinance authorizing the issuance of City of Corpus Christi, Combination Tax and Limited Pledge Revenue Certificates of Obligation, Taxable Series 2022B for Solid Waste improvements in an amount not to exceed $9,500,000, within set parameters and according to the plan of finance set by the City’s financial advisors; providing for the payment of said certificates by the levy of an ad valorem tax upon all taxable property within the city and further securing said certificates by a lien on and pledge of the pledged revenues of the solid waste system; 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.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - Taxable Certificates of Obligation, 2. FY2022 CO projects final, 3. Notice of Intention to issue Certificates of Obligation 4.12.22, 4. Ordinance - 2022B Taxable COs

Title

Ordinance authorizing the issuance of City of Corpus Christi, Combination Tax and Limited Pledge Revenue Certificates of Obligation, Taxable Series 2022B for Solid Waste improvements in an amount not to exceed $9,500,000, within set parameters and according to the plan of finance set by the City’s financial advisors;  providing for the payment of said certificates by the levy of an ad valorem tax upon all taxable property within the city and further securing said certificates by a lien on and pledge of the pledged revenues of the solid waste system; 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.