Agenda No. 14.
CITY COUNCIL MEMORANDUM
City Council Meeting: |
July 23, 2019 |
Department: |
Finance |
Subject: |
Ordinance No. 19-B-17 - Consideration and approval of an Ordinance authorizing the issuance of “City of Schertz, Texas Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2019”; providing for the payment of said certificates by the levy of an Ad Valorem Tax upon all taxable property within the City and further securing said certificates by a lien on and pledge of the pledged revenues of the system; providing the terms and conditions of said certificates and resolving other matters incident and relating to the issuance, payment, security, sale, and delivery of said certificates, including the approval and distribution of an official statement pertaining thereto; authorizing the execution of a paying agent/registrar agreement and an official bid form; complying with the requirements of the letter of representations previously executed with the depository trust company; authorizing the execution of any necessary engagement agreements with the City’s Financial Advisors and/or Bond Counsel; and providing an effective date. (M. Browne/J. Walters/M. McLiney) First and Final Reading |
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