City of San Antonio - File #: 14-1454

• File #: 14-1454
• Type: Resolution
• In control: City Council A Session
• On agenda: 6/19/2014
• Posting Language: A Resolution by the City Council of the City of San Antonio, Texas establishing the City’s intent to reimburse itself for the prior lawful expenditure of funds from the proceeds of one or more series of tax exempt or taxable obligations to be issued by the City for authorized purposes and as further designated by series and federal tax treatment; authorizing other matters incident and related thereto; and providing for an effective date.

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