Posting Language
Title
Approve a resolution declaring the City’s official intent to reimburse itself from proceeds of tax-exempt general obligation debt in the total amount of $27,600,000 to fund the Austin Public Safety Handheld Radio Modernization Project. Funding: Funding is available from tax-exempt general obligation debt to be issued August 2026 or later.
De
Lead Department
Austin Budget and Organizational Excellence.
Fiscal Note
Funding is available from tax-exempt general obligation debt to be issued August 2026 or later. A fiscal note is attached.
Prior Council Action:
August 14, 2025 - Council approved an ordinance adopting the Fiscal Year 2025-2026 Budget (Ordinance 20250813-005).
For More Information:
Kerri Lang, Director of Office of Budget and Organizational Excellence.
Additional Backup Information:
For the City to spend money today and reimburse itself from the issuance of debt obligations in the future, a reimbursement resolution is required by state and federal law. The resolution must contain certain information to protect the tax-exempt status of the future issuance. Failure to adopt a qualified declaration of official intent will prohibit the City from reimbursing the cost with the proceeds of tax-exempt obligations. Reimbursement debt generally must be issued 18 months after the later of, the date the expenditure was made, or the date that the project, with respect to which the expenditure was made, is placed in service.
This action expresses the City Council’s intent to authorize the reimbursement for costs associated with Austin Technology Services items for general obligation debt as described below:
Public Property Finance Contractual Obligations: $27,600,000
• $27,600,000 for handheld radios as part of the Austin Public Safety Handheld Radio Modernization Project.