Posting Language
Title
Approve an ordinance authorizing the issuance by Southeast Travis County Municipal Utility District No. 1 of Unlimited Tax Road Bonds, Series 2026, in an amount not to exceed $4,140,000 to finance the District's share of the construction costs associated with roads and related improvements serving the District, as well as various interest and issuance costs; and waiving City Code Sections 25-9-284 and 25-9-287 to waive notice of the District's application to Council and the Water and Wastewater commission and waive Commission review of the application to the extent required. Funding: This item has no fiscal impact on the City. The debt service is fully secured and repaid through Southeast Travis County Municipal Utility District No. 1 property taxes.
De
Lead Department
Austin Financial Services
Fiscal Note
This item has no fiscal impact. The debt service is fully secured and repaid through Southeast Travis County Municipal Utility District No. 1 property taxes.
For More Information:
Belinda Weaver, City Treasurer, 512-974-7885, Virginia Collier, Program Manager III, 512-972-0117, Kate Castles, Principal Planner, 512-974-2709.
Additional Backup Information:
Southeast Travis County Municipal Utility District No. 1 (District), a political subdivision of the State of Texas, was created under the laws of the State of Texas by Senate Bill No. 1913, Acts of the 82nd Texas Legislature, Regular Session, Chapter 1114, now codified as Chapter 8382, Subtitle F, Title 6, Texas Special District Local Laws Code (Enabling Legislation), and operates under Chapters 49 and 54 of the Texas Water Code. The Enabling Legislation became effective May 25, 2011, and created the District, subject to the consent of the City to the creation.
The City consented to the creation of the District by Council action taken March 22, 2012 and under the terms of the consent agreement between the City, the District, and Qualico CR, L.P., a Texas limited partnership dated ef...
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