Posting Language
Title
Approve an ordinance authorizing the issuance and sale of tax-exempt City of Austin, Texas Public Improvement and Refunding Bonds, Series 2025, in a par amount not to exceed $442,570,000, to be used for transportation; mobility; flood mitigation open space, and water quality protection; parks and recreation; library and cultural arts; health; and public safety, 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.
Body
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 20150908-007
Resolution 20190910-006
Resolution 20190910-006
Resolution 20200827-005
Resolution 20210304-060
Resolution 20210902-067
Resolution 20210902-068
For More Information:
Belinda Weaver, Treasurer, 512-974-7885.
Additional Backup Information:
Approval of this ordinance will authorize the issuance of up to $442,570,000 in City of Austin Public Improvement and Refunding Bonds, Series 2025, consisting of up to $273,100,000 in new money bonds for voter approved projects and up to $169,470,000 for refunding bonds for debt service savings. The new money portion of the bonds will provide funding for:
Election Year
Description
New Money Amount
2012
Transportation
$ 1,000,000
2016
Transportation/Mobility
80,000,000
2018
Flood Mitigation, Open Space, Water Quality Protection
5...
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