AGENDA CAPTION:
Title
Consider approval of Resolution 2024-209R, approving the Alliance Regional Water Authority (ARWA) issuing contract revenue bonds for the City of San Marcos in the aggregate principal not to exceed $49,485,000.00 including approval of the Bond Resolution and other related matters in accordance with the Regional Water Supply Contract; authorizing the City Manager, or her designee, to execute any necessary related documents; and declaring an effective date.
Body
Meeting date: October 15, 2024
Department: Utilities, Tyler J. Hjorth Director
Amount & Source of Funding
Funds Required: debt service beginning in spring FY25
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Funds Available: Click or tap here to enter text.
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Fiscal Note:
Prior Council Action: Council approval in 2008 for ARWA project participation; 2017-154R, 2019-203R, 2020-224R, 2022-237R, and 2023-208R approval of approximately $120,000,000 of debt; and other resolutions related to engineering services, etc.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Water Master Plan
Background Information:
The City approved and executed the Regional Water Supply Contract effective January 15, 2008 for the financing, construction and operation of the Regional Water Supply Project. The City has previously requested the ARWA issu...
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