AGENDA CAPTION:
Title
Consider approval of Resolution 2019-203R, approving a Resolution by the Board of Directors of the Alliance Regional Water Authority Authorizing the Issuance of Alliance Regional Water Authority Contract Revenue Bonds (Regional Water Supply Contract Project - City of San Marcos, Texas), Series 2019C for Phase 1B Improvements in the Amount of $30,800,000 and Approving Other Related Matters.
Body
Meeting date: October 15, 2019
Department: Public Services/Finance
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: The City entered into the regional water supply contract in January 15, 2008 and has been working with the regional partners since then to secure future water supplies.
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Background Information:
The Alliance Regional Water Authority (Alliance Water) entered into a regional water supply contract with the City on January 15, 2008, to operate a water supply project and deliver water to the City of San Marcos and other sponsors. Starting in 2017 City Staff worked with Alliance Water to determine the appropriate option to fund San Marcos's portion of the project that will allow for future water to be delivered to the ...
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