AGENDA CAPTION:
Title
Consider approval of Ordinance 2022-54, on first and final reading, authorizing the issuance and sale of an amount not to exceed $26,135,000.00 of Combination Tax and Revenue Certificates of Obligation, Series 2022, for constructing, improving, designing, and equipping the City's (1) Water and Wastewater System, including an elevated water storage tank and extending/upgrading water and wastewater lines; (2) Streets including related drainage, sidewalks, traffic improvements and lighting (3) Airport; (4) Public Safety facilities and equipment to include police and fire improvements, including acquisition of vehicles and a fire engine; (5) Stormwater Management and Flood Control facilities; (6) Electric Utility System, including an additional circuit; and (7) the payment of professional services in connection therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of obligation and other matters related thereto; and providing for the approval of this Ordinance 2022-54, on one reading as authorized by with State Law.
Body
Meeting date: July 5, 2022
Department: Finance-Anna Miranda, Interim Director of Finance
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: June 7, 2022 - Council provided authorization to publish notice of intent and direction to proceed with issuance of Certificates of Obligation in the amount not to exceed $26,135,000.
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