File #: 14-00249    Version: Name:
Type: Ordinance Status: Passed
File created: 2/26/2014 In control: City Council
On agenda: 3/18/2014 Final action: 3/25/2014
Title: Second Reading Ordinance - Authorizing financing for proposed Bond 2014 design work (1st Reading 3/18/14) Ordinance authorizing the issuance of “City of Corpus Christi, Texas Tax Notes, Series 2014” in an amount not to exceed $8,000,000, levying an annual ad valorem tax, within the limitations prescribed by law, for the payment of the obligations; prescribing the form, terms, conditions, and resolving other matters incident and related to the issuance, sale, and delivery of the obligations; authorizing the execution of a Payment Agent/Registrar Agreement and a Purchase and Investment Letter; complying with the provisions of the Depository Trust Company’s Letter of Representations; delegating the authority to the Mayor and certain members of the City Staff to execute certain documents relating to the sale of the tax notes; and providing an effective date.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - Tax Notes for Bond 2014 Design_March 18, 2014.pdf, 2. Ordinance - for Bond 2014 Tax Notes.pdf, 3. Bond 2014 Design - Street Propositions.pdf
Related files: 14-00248
Title
Second Reading Ordinance - Authorizing financing for proposed Bond 2014 design work (1st Reading 3/18/14)
 
Ordinance authorizing the issuance of "City of Corpus Christi, Texas Tax Notes, Series 2014" in an amount not to exceed $8,000,000, levying an annual ad valorem tax, within the limitations prescribed by law, for the payment of the obligations; prescribing the form, terms, conditions, and resolving other matters  incident and related to the issuance, sale, and delivery of the obligations; authorizing the execution of a Payment Agent/Registrar Agreement and a Purchase and Investment Letter; complying with the provisions of the Depository Trust Company's Letter of Representations; delegating the authority to the Mayor and certain members of the City Staff to execute certain documents relating to the sale of the tax notes; and providing an effective date.