File #: 18-0552    Version: Name:
Type: Ordinance Status: Passed
File created: 4/27/2018 In control: City Council
On agenda: 5/8/2018 Final action: 5/15/2018
Title: Second Reading Ordinance - Authorization for Issuance of General Improvement Bonds to finance voter-approved Bond 2016 Projects (Council Priority - Streets) (1st Reading 5/8/18) Ordinance authorizing the issuance of “City of Corpus Christi, Texas General Improvement Bonds, Series 2018”, in an aggregate principal amount not to exceed $18,350,000; levying a continuing direct annual ad valorem tax, within the limitations prescribed by law, for the payment of the bonds; prescribing the form, terms, conditions, and resolving other matters incident and related to the issuance, sale, and delivery of the bonds; including the approval and distribution of an official statement pertaining thereto; authorizing the execution of a paying agent/registrar agreement and a purchase contract; complying with the letter of representations on file with the depository trust company; and providing an effective date.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - Issuance of Bond 2016 General Improvement Bonds, 2. 2018 Ordinance

Title

Second Reading Ordinance - Authorization for Issuance of General Improvement Bonds to finance voter-approved Bond 2016 Projects (Council Priority - Streets) (1st Reading 5/8/18)

 

Ordinance authorizing the issuance of “City of Corpus Christi, Texas General Improvement Bonds, Series 2018”, in an aggregate principal amount not to exceed $18,350,000; levying a continuing direct annual ad valorem tax, within the limitations prescribed by law, for the payment of the bonds; prescribing the form, terms, conditions, and resolving other matters incident and related to the issuance, sale, and delivery of the bonds; including the approval and distribution of an official statement pertaining thereto; authorizing the execution of a paying agent/registrar agreement and a purchase contract; complying with the letter of representations on file with the depository trust company; and providing an effective date.