DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott
COUNCIL DISTRICTS IMPACTED: City-Wide
SUBJECT:
Authorizing the consolidated financing plan for the City Tower in an amount not to exceed $157,000,000
SUMMARY:
Items to be considered by the City of San Antonio, Texas for the following matters in connection with the consolidated financing of the City Tower:
A. This Ordinance authorizes the conversion to fixed rate and remarketing of "$47,000,000 City of San Antonio, Texas Variable Rate Certificates of Obligation, Taxable Series 2016" and other matters incident and related thereto.
B. This Resolution approves the issuance of one or more series of revenue bonds designated as the "City of San Antonio, Texas Municipal Facilities Corporation Lease Revenue Bonds (City Tower Renovation Project)" in an amount not to exceed $110,000,000, as further designated by series, interest rate convention, and tax treatment, by City of San Antonio, Texas Municipal Facilities Corporation; authorizes the execution of a Lease Agreement between the City and the Corporation; authorizes the Corporation to enter into a Master Trust Agreement, and applicable supplements thereto, related to the foregoing project and the pledge of certain revenues as security therefore; and authorizes the execute of certain documents in connection therewith.
Item to be considered by City of San Antonio, Texas Municipal Facilities Corporation Board of Directors for the following matters in connection with the consolidated financing of the City Tower:
A. This Resolution authorizes the issuance of one or more series of City of San Antonio, Texas Municipal Facilities Corporation Lease Revenue Bonds (City Tower Renovation Project) in an amount not to exceed $110,000,000, as further designated by series, interest rate convention, and tax treatment; authorizes the execute of a Lease Agreement and a Master Trust Agreement, with applicable supplements thereto, pursuant to which certain lease rev...
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