City of San Antonio - File #: 14-1452

• File #: 14-1452
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 6/19/2014
• Posting Language: An Ordinance by the City Council of the City of San Antonio, Texas authorizing the issuance of up to $265,000,000 “City of San Antonio, Texas General Improvement and Refunding Bonds, Series 2014”; levying a continuing direct annual ad valorem tax 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 an Escrow Agreement, a Paying Agent/Registrar Agreement, and a Purchase Contract; complying with the provisions of the Depository Trust Company’s Letter of Representations; delegating the authority to certain City officials and staff to establish terms of sale of the bonds and to execute certain documents relating to the sale thereof; enacting other provisions incident and related to the subject and purpose of this ordinance; and providing for an effective date.

Date	Ver.	Action By	Action	Result
6/19/2014	1	City Council A Session	adopted	Pass

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: All


SUBJECT:

Issuance, Sale, and Delivery of 2014 Bonds and 2014B Notes and Reimbursement Resolution


SUMMARY:

A. This Ordinance by the City Council of the City of San Antonio, Texas authorizes the issuance of up to $265,000,000 "City of San Antonio, Texas General Improvement and Refunding Bonds, Series 2014"; levies a continuing direct annual ad valorem tax for the payment of the bonds; prescribes the form, terms, conditions, and resolves 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; authorizes the execution of an Escrow Agreement, a Paying Agent/Registrar Agreement, and a Purchase Contract; complies with the provisions of the Depository Trust Company's Letter of Representations; delegates the authority to certain City officials and staff to establish terms of sale of the bonds and to execute certain documents relating to the sale thereof; enacts other provisions incident and related to the subject and purpose of this ordinance; and provides for an effective date.

B. This Ordinance by the City Council of the City of San Antonio, Texas authorizes the issuance of up to $8,000,000 "City of San Antonio, Texas Tax Notes, Series 2014B"; levies a continuing direct annual ad valorem tax for the payment of the notes; prescribes the form, terms, conditions, and resolves other matters incident and related to the issuance, sale, and delivery of the notes, including the approval and distribution of an official statement pertaining thereto; authorizes the execution of a Paying Agent/Registrar Agreement and a Purchase Contract; complies with the provisions of the Depository Trust Company's Letter of Representations; delegates the authority to certain City officials and staff to establish terms of sale of the notes and to execute certain documents re...