Posting Language
Title
Approve an ordinance authorizing the issuance and sale of tax-exempt City of Austin, Texas Public Property Finance Contractual Obligations, Series 2025, in an amount not to exceed $40,800,000, to be used for vehicles, Emergency Medical Services equipment, Austin Police Department equipment, and cloud computing, in accordance with the parameters set out in the ordinance, authorizing related documents, and approving the payment of the costs of issuance, and all related fees. Funding: The Fiscal Year 2026 debt service requirements and estimated annual administration fees for the paying agent/registrar for the proposed bond sale are included in the 2025-26 Proposed Operating Budget of the General Obligation Debt Service Fund.
De
Lead Department
Financial Services Department
Fiscal Note
The Fiscal Year 2026 debt service requirements and estimated annual administration fees for the paying agent/registrar for the proposed bond sale are included in the 2025-26 Proposed Operating Budget of the General Obligation Debt Service Fund.
Prior Council Action:
Reimbursement Resolutions approved by City Council:
Resolution 20200827-005
Resolution 20210902-067
Resolution 20210902-068
Resolution 20220915-002
Resolution 20230914-017
Resolution 20240912-010
For More Information:
Belinda Weaver, Treasurer, 512-974-7885.
Additional Backup Information:
The City of Austin, Texas Public Property Finance Contractual Obligations, Series 2025 (Contractual Obligations) will be used to finance vehicles and related equipment for various general fund and internal service departments, cloud computing services for the City's Accounting System, as well as equipment for use by Austin Police and Emergency Medical Services. Details of the anticipated purchases are found on Attachment B to this request.
The Contractual Obligation sale totals up to $40,800,000 for equipment for the following items:
? Vehicles and Equipment $37,020,000 (FY21, 22, 23, 24, 25 Budgets)
? ...
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