Posting Language
Title
Approve an ordinance authorizing the issuance and sale of taxable City of Austin, Texas Certificates of Obligation, Taxable Series 2025, in an amount not to exceed $30,025,000, 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.
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 20130909-009
Resolution 20180911-007
Resolution 20200827-005
Resolution 20210902-067
Resolution 20210902-068
Resolution 20220915-002
Resolution 20230914-017
Notice of Intention to issue certificates approved May 22, 2025.
For More Information:
Belinda Weaver, Treasurer, 512-974-7885.
Additional Backup Information:
On May 22, 2025, City Council authorized publication of an Official Notice of Intention to Issue Certificates of Obligation. State law requires that an Notice of Intention be published once a week for two consecutive weeks with the date of the first publication occurring at least 45 days prior to the adoption of the ordinance authorizing the issuance of the Certificates of Obligation by the City. State law also requires that the Notice of Intention be continuously posted on the City's internet website. These notices were published May 27, 2025 and June 3, 2025 and were posted on the City's internet website on May 23, 2025, and included descriptions of the projects to be financed.
Approval of this ordinance will authorize the issuance of up to $30,025,000 in City of Austin Certificates of Obligation, Taxable Series 2025, to be issued to provide funding for reimbursement resolutions that were previ...
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