DEPARTMENT: Finance
DEPARTMENT HEAD: Troy Elliott
COUNCIL DISTRICTS IMPACTED: City wide
SUBJECT:
Resolution through City of San Antonio Education Facilities Corporation authorizing the issuance of up to $170,000,000 in tax-exempt and taxable Higher Education Revenue Bonds for the University of the Incarnate Word.
SUMMARY:
Consideration of the following in connection with the Financing of Certain Educational Facilities Corporation bonds for the University of the Incarnate Word:
At this time, the City Council of the City of San Antonio will recess and convene as the Board of Directors of the City of San Antonio, Texas Education Facilities Corporation to consider the following:
* This resolution authorizes the issuance of Up to $170,000,000 in principal amount of City of San Antonio, Texas Education Facilities Corporation Higher Education Revenue Improvement and Refunding Bonds (University of the Incarnate Word Project), Series 2021A and City of San Antonio, Texas Education Facilities Corporation Higher Education Revenue Refunding Bonds (University of the Incarnate Word Project), Taxable Series 2021B; authorizes the execution of a Loan Agreement, an Indenture of Trust, and a Purchase Contract; authorizes the preparation and distribution of an Official Statement; and approves other matters in connection therewith.
At this time, the Board of Directors of the City of San Antonio, Texas Education Facilities Corporation will adjourn and the City Council of the City of San Antonio will reconvene to consider the following:
This Resolution approves the issuance of up to $170,000,000 in principal amount of Higher Education Revenue Improvement and Refunding Bonds, Series 2021A and Taxable Series 2021B by the City of San Antonio, Texas Education Facilities Corporation for the University of the Incarnate Word, a Texas Nonprofit Corporation, and approves other matters related thereto.
BACKGROUND INFORMATION:
The University of the Incarnate Word (the "Univer...
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