DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott
COUNCIL DISTRICTS IMPACTED: City-Wide
SUBJECT:
Issuance, Sale, and Delivery of 2018 Obligations and Reimbursement Resolution.
SUMMARY:
A. This Ordinance authorizes the issuance of the City of San Antonio, Texas General Improvement Bonds, Series 2018, in one or more series and in an aggregate principal amount not to exceed $175,000,000, and authorizes other matters incident and related thereto.
B. This Ordinance authorizes the issuance of the City of San Antonio, Texas Combination Tax and Revenue Certificates of Obligation, Series 2018, in an aggregate principal amount not to exceed $170,000,000, and authorizes other matters incident and related thereto.
C. An Ordinance authorizing the issuance of the City of San Antonio, Texas Combination Tax and Revenue Certificates of Obligation, Taxable Series 2018 (Alameda Theater Building), in an aggregate principal amount not to exceed $10,000,000, and authorizing other matters incident and related thereto.
D. This Ordinance authorizes the issuance of the City of San Antonio, Texas Tax Notes, Series 2018, in an aggregate principal amount not to exceed $30,000,000, and authorizes other matters incident and related thereto.
E. This Resolution by the City Council of the City of San Antonio, Texas establishes 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; authorizes other matters incident and related thereto; and provides for an effective date.
BACKGROUND INFORMATION:
The FY 2018 Adopted Capital Budget and FY 2018 Capital Budget Amendments include the proposed sale of new money bonds to fund projects totaling $169,340,000 in an amount not to exceed $175,000,000 General Improvement Bonds, Series 2018 (the "2018 Bonds"); approximately $150...
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