File #: 22-1034    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 6/1/2022 In control: City Council
On agenda: 6/14/2022 Final action: 6/28/2022
Title: Ordinance authorizing the issuance of City of Corpus Christi, Texas, General Improvement Bonds, Series 2022C for improvements to streets, Parks and Recreation facilities, and Public Safety facilities in an amount not to exceed $41,000,000 within set parameters and according to the plan of finance set by the City’s financial advisors; levying a continuing direct annual ad valorem tax for the payment of the bonds; 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 for an effective date.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - General Improvement Bonds, 2. Ordinance - 2022C GIB

Title

Ordinance authorizing the issuance of City of Corpus Christi, Texas, General Improvement Bonds, Series 2022C for improvements to streets, Parks and Recreation facilities, and Public Safety facilities in an amount not to exceed $41,000,000 within set parameters and according to the plan of finance set by the City’s financial advisors; levying a continuing direct annual ad valorem tax for the payment of the bonds; 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 for an effective date.