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AI - 100586
9.A.
DD-REGULAR AGENDA SPECIAL MTG
Meeting Date:
09/02/2025
Submitted For:
Raul Sesin
Submitted By:
Lora Briones
Department:
DRAINAGE DISTRICT

Information

CAPTION

1.  Consider and approve an order authorizing issuance, sale and delivery of Hidalgo County Drainage District No. 1 Unlimited Tax Improvement Bonds, Series 2025 under the provisions of Chapter 1371 et. Seq., Texas Government Code; payable from the levy of a direct and continuing unlimited annual ad valorem tax pursuant to the provisions of Chapter 56, Texas Water Code; setting certain parameters for the bonds; authorizing a pricing officer to approve the amount, the interest rates, price, redemption provisions and terms thereof and certain other procedures and provisions related thereto; authorizing the use of an official statement to be used in connection with the sale of the bonds; and making other provisions regarding such bonds and matters incident thereto.

2.  Consider and approve an order authorizing issuance, sale and delivery of Hidalgo County Drainage District No. 1 Unlimited Tax Improvement Bonds, Taxable Series 2025 under the provisions of Chapter 1371 et. Seq., Texas Government Code; payable from the levy of a direct and continuing unlimited annual ad valorem tax pursuant to the provisions of Chapter 56, Texas Water Code; setting certain parameters for the bonds; authorizing a pricing officer to approve the amount, the interest rates, price, redemption provisions and terms thereof and certain other procedures and provisions related thereto; authorizing the use of an official statement to be used in connection with the sale of the bonds; and making other provisions regarding such bonds and matters incident thereto.

3.  Consider and approve an order authorizing issuance, sale and delivery of Hidalgo County Drainage District No. 1 Unlimited Tax Refunding Bonds, Series 2025; delegating certain authority to a Pricing Officer of the District pursuant to the provisions of Texas Government Code, Sections 1207.007 and 1207.008; payable from the levy of a direct and continuing unlimited annual ad valorem tax pursuant to the provisions of Chapter 56, Texas Water Code; setting certain parameters for the bonds; authorizing a pricing officer to approve the amount, the interest rates, price, redemption provisions and terms thereof and certain other procedures and provisions related thereto; authorizing the use of an official statement to be used in connection with the sale of the bonds, the refunding of certain outstanding obligations and the execution of an Escrow Agreement; and making other provisions regarding such bonds and matters incident thereto.”

 

BACKGROUND


Fiscal Impact

Attachments

Form Review

Inbox Reviewed By Date
Final Approval Nora Cavazos 08/26/2025 03:56 PM
Form Started By:
Lora Briones
Started On:
08/25/2025 01:21 PM
Final Approval Date:
08/26/2025