DEPARTMENT: Economic Development Department
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City wide
SUBJECT:
A Resolution of the City of San Antonio, Texas Education Facilities Corporation authorizing the issuance of up to $50,000,000.00 in principal amount of City of San Antonio, Texas Education Facilities Corporation Higher Education Revenue Improvement Bonds (Trinity University Project), Series 2014; authorizing the execution of an amended and restated loan agreement, an amended and restated indenture of trust, and a purchase contact; approving the form of an official statement and other matters.
SUMMARY:
City Council will adjourn and convene as the City of San Antonio, Texas Education Facilities Corporation ("the Corporation") to consider this Resolution authorizing the issuance of up to $50,000,000 in Higher Education Revenue Improvement Bonds for Trinity University to finance a portion of the costs to construct and equip new science facilities, generally known as the Center for Science and Innovation (CSI) complex, at the University. The Corporation will then adjourn and reconvene as City Council to consider a Resolution approving the issuance of these bonds by the Corporation.
BACKGROUND INFORMATION:
Trinity University was founded in 1869 by the Presbyterian Church. It is governed by an independent Board of Trustees and is a private, residential, co-educational university offering 39 majors and 52 minors. There are approximately 246 full-time professional and support staff and 2,500 undergraduates from 44 states and over 50 countries.
The University campus is located on the near north side of downtown San Antonio. The University's Skyline Campus began construction in 1952. Since that time, 16 academic and 15 residence hall buildings have been constructed, which make up approximately 2,350,000 square feet of building space. The campus occupies 117 acres and is built on an abandoned rock quarry overlooki...
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