File #: 14-00080    Version: Name:
Type: Ordinance Status: Passed
File created: 1/14/2014 In control: City Council
On agenda: 12/9/2014 Final action: 12/16/2014
Title: Second Reading Ordinance - Authorizing the issuance of Marina revenue bonds to fund the replacement of the "R" pier (1st Reading 12/9/14) (Requires 2/3 vote) Ordinance authorizing the issuance of City of Corpus Christi, Texas Marina System Revenue Bonds, Taxable Series 2014 in an aggregate principal amount not to exceed $2,600,000; providing for the payment of the principal of and interest on the bonds by a first and prior lien on and pledge of the net revenues of the City's Marina System; stipulating the terms and conditions for the issuance of additional revenue bonds on a parity therewith; providing the terms and conditions of such bonds and resolving other matters incident and relating to the issuance, payment, security, sale, and delivery thereof; authorizing the execution of a paying agent/registrar agreement, an escrow agreement, and a purchase and investment letter; and providing an effective date.
Sponsors: Municipal Marina, Finance & Procurement
Attachments: 1. Agenda Memo for Authorization for Marina Bonds Dec 9, 2014_1.pdf, 2. Marina Ordinance.pdf
Related files: 14-00079
Title
Second Reading Ordinance -  Authorizing the issuance of Marina revenue bonds to fund the replacement of the "R" pier (1st Reading 12/9/14) (Requires 2/3 vote)
 
Ordinance authorizing the issuance of City of Corpus Christi, Texas Marina System Revenue Bonds, Taxable Series 2014 in an aggregate principal amount not to exceed $2,600,000; providing for the payment of the principal of and interest on the bonds by a first and prior lien on and pledge of the net revenues of the City's Marina System; stipulating the terms and conditions for the issuance of additional revenue bonds on a parity therewith; providing the terms and conditions of such bonds and resolving other matters incident and relating to the issuance, payment, security, sale, and delivery thereof; authorizing the execution of a paying agent/registrar agreement, an escrow agreement, and a purchase and investment letter; and providing an effective date.