Posting Language
Title
Approve an ordinance authorizing the issuance of City of Austin, Texas, Combination Tax and Surplus Revenue Certificates of Obligation, Taxable Series 2025 (CWSRF) in a par amount not to exceed $22,160,000 and approve related documents to finance costs related to improving the water quality of Buttermilk Creek through new stormwater control measures, removal and/or relocation of deteriorating wastewater infrastructure, and the restoration of stream stability and riparian habitat. Funding: The Fiscal Year 2025 debt service requirements for the proposed bond sale are included in the 2024-25 Approved Operating Budget of the General Obligation Debt Service Fund. Related to Item #58.
Bo
Lead Department
Financial Services Department
Fiscal Note
The Fiscal Year 2025 debt service requirements for the proposed bond sale are included in the 2024-25 Approved Operating Budget of the General Obligation Debt Service Fund.
Prior Council Action:
October 24, 2024 - Council approved Resolution 20241024-012 directing the publication of an Official Notice of Intention to Issue $22,160,000 City of Austin, Texas, Combination Tax and Surplus Revenue Certificates of Obligation, Taxable Series 2025.
December 14, 2023 - Council approved Resolution 20231214-066 authorizing the City Manager to apply for low-interest loans in a total amount not to exceed $22,160,000 from the Texas Water Development Board's Clean Water State Revolving Fund for the Buttermilk Creek Water Quality Improvements Project.
For More Information:
Belinda Weaver, City Treasurer, 512-974-7885.
Additional Backup Information:
On December 14, 2023, City Council authorized the City Manager to apply for 20-year low interest loan from the Texas Water Development Board (TWDB) through the Clean Water State Revolving Fund (CWSRF) which is administered for the U.S. Environmental Protection Agency (EPA) and the State of Texas by TWDB. This financial assistance program provides low interest loans t...
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