Posting Language
Title
Approve an ordinance authorizing the issuance and sale of City of Austin, Texas, Certificates of Obligation, Series 2023, in a par amount not to exceed $28,000,000, 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, and providing that the issuance and sale be accomplished not later than March 1, 2024.
De
Lead Department
Financial Services Department.
Fiscal Note
The Fiscal Year 2023-24 debt service requirements and estimated annual administration fees for the paying agent/registrar for the proposed bond sale are included in the 2023-24 Proposed Operating Budget of the General Obligation Debt Service Fund.
Prior Council Action:
Reimbursement Resolutions approved by City Council on September 13, 2017, August 9, 2018, September 10, 2019, December 3, 2020, and September 2, 2021. Notice of Intention to issue certificates approved June 1, 2023.
For More Information:
Belinda Weaver, Treasurer, 512-974-7885.
Additional Backup Information:
On June 1, 2023, City Council authorized publication of an Official Notice of Intention to Issue Certificates of Obligation. State law requires that an Official Notice of Intention to Issue Certificates of Obligation 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 Official Notice of Intention to Issue Certificates of Obligation be continuously posted on the City's internet website. These notices were published June 12, 2023 and June 19, 2023 and were posted on the City's internet website on June 5, 2023, and included descriptions of the projects to be financed.
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