File #: 22-0884    Version: 1 Name:
Type: Ordinance Status: Second Reading
File created: 5/3/2022 In control: City Council
On agenda: 5/17/2022 Final action: 5/17/2022
Title: One-reading Ordinance authorizing the issuance of Utility System Revenue Improvement Bonds, New Series 2022A in an amount not to exceed $3,561,000; providing for payment and security, by a junior and inferior lien on and pledge of the net revenues of the City’s utility system on parity with certain currently outstanding utility system revenue obligation; stipulating terms and conditions for additional revenue bonds on a parity therewith; enacting other provisions, incident and related to the subject and purpose of this ordinance: and complying with Texas Water Development Board regulations; for planning and design of the Oso Creek Channel Bottom and Green Infrastructure project; and declaring an effective date.
Sponsors: Finance & Procurement, Utilities Department
Attachments: 1. Agenda Memo for Debt issuance-Final, 2. Ordinance for TWDB Bonds, 3. Corpus Christi 73907 Compiled FINAL award letter, 4. Corpus Christi -Funding Determination Letter - CWSRF - SFY 2021, 5. Presentation for TWDB bond issuance

Title

One-reading Ordinance authorizing the issuance of Utility System Revenue Improvement Bonds, New Series 2022A in an amount not to exceed $3,561,000; providing for payment and security, by a junior and inferior lien on and pledge of the net revenues of the City’s utility system on parity with certain currently outstanding utility system revenue obligation; stipulating terms and conditions for additional revenue bonds on a parity therewith; enacting other provisions, incident and related to the subject and purpose of this ordinance: and complying with Texas Water Development Board regulations; for planning and design of the Oso Creek Channel Bottom and Green Infrastructure project; and declaring an effective date.