city of San Antonio


Share to Facebook Share to Twitter Bookmark and Share
File #: 21-4360   
Type: Misc - Financial Services
In control: City Council A Session
On agenda: 6/17/2021
Posting Language: Ordinance authorizing the issuance of the City of San Antonio, Texas Combination Tax and Revenue Certificates of Obligation, Series 2021, in an aggregate principal amount not to exceed $53,000,000, and authorizing other matters incident and related thereto.
Attachments: 1. Draft Ordinance A, 2. Draft Ordinance B, 3. Draft Ordinance C, 4. Draft Ordinance D, 5. Draft Resolution E, 6. Exhibit - I
Related files: 21-4359, 21-4235, 21-4361, 21-4362, 21-4363
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City-Wide


SUBJECT:

Issuance, Sale, and Delivery of 2021 Obligations and Reimbursement Resolution.


SUMMARY:

A. This Ordinance authorizes the issuance of the City of San Antonio, Texas General Improvement Bonds, Series 2021, in an aggregate principal amount not to exceed $157,000,000, 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 2021, in an aggregate principal amount not to exceed $53,000,000, and authorizes other matters incident and related thereto.
C. This Ordinance authorizes the issuance of the City of San Antonio, Texas Combination Tax and Revenue Certificates of Obligation, Taxable Series 2021A, in an aggregate principal amount not to exceed $24,000,000, and authorizes other matters incident and related thereto.
D. This Ordinance authorizes the issuance of the City of San Antonio, Texas Tax Notes, Series 2021, in an aggregate principal amount not to exceed $41,000,000, 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 2020 Adopted Capital Budget and FY 2020 Capital Budget Amendments include the proposed sale of new money bonds to fund projects totaling $156,010,000 (but not to exceed $157,000,000) in General Improvement Bonds, Series 2021 (the "2021 Bonds"); approximately $51.5 million (but not to exceed $53,000,000) in Combination Tax ...

Click here for full text