AGENDA CAPTION:
Title
Consider approval of Ordinance 2024-18, on the first and final reading, authorizing the issuance and sale of an amount not to exceed $31,100,000.00 of Combination Tax and Revenue Certificates of Obligation, Series 2024, levying an ad valorem tax and pledging certain surplus revenues in support of the certificates; approving an official statement, a paying agent/registrar agreement for improving, constructing, equipping, acquiring, or designing the city's: water and waste water system, including technology improvements; streets; sidewalks; public safety facilities, including fire station improvements; stormwater management for flood control and drainage; electric utility system; and 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 2024-18, on one reading as authorized by state law.
Body
Meeting date: April 16, 2024
Department: Finance
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: September 19, 2023, City Council approved Ordinance 2023-61(b), approving the Fiscal Year 2024 Capital Improvement Program. February 20, 2024 City Council approved Resolution #2024-22R, authorizing proceeding with the issuance of Certificates of Obligation and directing the publication of Notice of Intention to issue the certificates.
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