Posting Language
Title
Approve an ordinance authorizing the issuance and sale of tax-exempt City of Austin, Texas Public Property Finance Contractual Obligations, Series 2026, in a par amount not to exceed $85,745,000 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 2026-2027 debt service requirements and estimated annual administration fees for the paying agent/registrar for the proposed bond sale are included in the Fiscal Year 2026-2027 Operating Budget of the General Obligation Debt Service Fund.
Body
Lead Department
Austin Financial Services.
Fiscal Note
The Fiscal Year 2026-2027 debt service requirements and estimated annual administration fees for the paying agent/registrar for the proposed bond sale are included in the Fiscal Year 2026-2027 Operating Budget of the General Obligation Debt Service Fund.
Prior Council Action:
Previous Reimbursement Resolutions approved by Council:
Resolution 20210902-067
Resolution 20220915-002
Resolution 20230914-017
Resolution 20240912-010
Resolution 20250925-011
Resolution 20251120-007
For More Information:
Belinda Weaver, Treasurer, Austin Financial Services, 512-974-7885.
Additional Backup Information:
The 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 and Human Capital Management 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 $85,745,000 for equipment for the following items:
* Vehicles and Equipment $55,430,000
* EMS Equipment $950,000
* Public Safety Handheld Radio Modernization Equipment $27,550,000
* Cloud Computing $1,815,000
The entire $85,745,000 is associated...
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