DEPARTMENT: Finance
DEPARTMENT HEAD: Ben Gorzell, Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Approval of Ordinances related to financial matters of the San Antonio Water System.
SUMMARY:
The San Antonio Water System (SAWS) requests City Council approve:
A. An Ordinance authorizing the issuance of obligations designated as City of San Antonio, Texas Water System Junior Lien Revenue and Refunding Bonds, Series 2018A (No Reserve Fund) to i) currently refund outstanding City of San Antonio, Texas Water System Junior Lien Revenue Bonds for debt service savings; ii) refund currently outstanding Tax-Exempt Commercial Paper Notes; iii) provide new money to fund a portion of the Capital Improvements Program of SAWS; and iv) pay the cost of issuance.
B. An Ordinance authorizing the issuance of obligations designated as City of San Antonio, Texas Water System Variable Rate Junior Lien Revenue and Refunding Bonds, Series 2018C (No Reserve Fund) to i) refund currently outstanding Tax-Exempt Commercial Paper Notes; i) provide new money to fund a portion of the Capital Improvements Program of SAWS; and iii) pay the cost of issuance.
Note: By the terms of the Ordinances listed above, the total combined principal will not exceed $392,000,000.
C. An Ordinance authorizing the issuance of obligations designated as "City of San Antonio, Texas Water System Junior Lien Revenue Bonds, Series 2018B" (Series 2018B), in an amount not to exceed $10,500,000 to be sold to the Texas Water Development Board (TWDB) through the Drinking Water State Revolving Fund Program.
D. A resolution authorizing the submittal of an application requesting financial assistance under the Texas Water Development Board's (TWDB) Drinking Water State Revolving Fund Program in the amount not to exceed $33,550,000 for funding of certain qualified water projects.
E. A Resolution establishing the City's intention to reimburse itself for the prior lawful capital expenditures o...
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