AGENDA CAPTION:
Title
Consider approval of Ordinance 2021-46, on first and final reading, authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in the amount not to exceed $75,000,000 in one or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase agreement and an escrow agreement; establishing the procedures for selling and delivering one or more series of the bonds; providing for the approval of this ordinance on one reading only as authorized by state law; and authorizing other matters relating to the bonds.
Body
Meeting date: June 1, 2021
Department: Finance, Marie Kalka, Finance Director
Amount & Source of Funding
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Fiscal Note:
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Background Information:
During the May 20, 2021 F&A Committee meeting the refunding of GO bonds was presented for consideration. These bonds are to be sold in a negotiated sale with pricing scheduled for the week of August 23, 2021. This ordinance delegates the final approval of the sale within the parameters set forth in the ordinance including maximum term, interest rate and issuance amount t...
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