City of San Antonio - File #: 17-3879

• File #: 17-3879
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 6/22/2017
• Posting Language: An Ordinance authorizing the issuance of the City of San Antonio, Texas General Improvement Bonds, Series 2017, in one or more series and in an aggregate principal amount not to exceed $105,000,000, and authorizing other matters incident and related thereto.

Date	Ver.	Action By	Action	Result
6/22/2017	1	City Council A Session	adopted	Pass

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City-Wide


SUBJECT:

Issuance, Sale, and Delivery of 2017 Obligations and Reimbursement Resolution.


SUMMARY:

Consideration of the following Ordinances and Resolution relating to the general obligation debt matters of the City of San Antonio, Texas: [Ben Gorzell, Chief Financial Officer; Troy Elliott, Deputy Chief Financial Officer, Finance]
A. An Ordinance authorizing the issuance of the City of San Antonio, Texas General Improvement Bonds, Series 2017, in one or more series and in an aggregate principal amount not to exceed $105,000,000, and authorizing other matters incident and related thereto.
B. An Ordinance authorizing the issuance of the City of San Antonio, Texas Combination Tax and Revenue Certificates of Obligation, Series 2017, in an aggregate principal amount not to exceed $95,000,000, and authorizing other matters incident and related thereto.
C. An Ordinance authorizing the issuance of the City of San Antonio, Texas Tax Notes, Series 2017, in an aggregate principal amount not to exceed $25,000,000, and authorizing other matters incident and related thereto.
D. 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.


BACKGROUND INFORMATION:

The FY 2017 Adopted Capital Budget and FY 2017 Capital Budget Amendments include the proposed sale of bonds to fund projects totaling $100,120,000 in an amount not to exceed $105,000,000 General Improvement Bonds, Series 2017 (the "2017 Bonds"); approximately $83,212,008 Combination Tax and Revenue Certificates of Obligation, Series 2017 ("the ...