AI- 66522
Budget and Management 16.A.
CC - REGULAR
Other
- Meeting Date:
- 09/11/2018
- Submitted For:
- Sergio Cruz
- Submitted By:
- Merlen P. Munoz, BUDGET & MANAGEMENT
- Department:
- BUDGET & MANAGEMENT
Information
CAPTION
1. Consider and approve an order authorizing issuance, sale and delivery Hidalgo County, Texas Certificates of Obligation, Series 2018A; delegating certain authority to the County Judge and the County Executive Officer; payable from the levy of a direct and continuing annual ad valorem tax within the limits prescribed by law and a limited pledge (never to exceed $1000) from the surplus net revenues from the operation of the County’s parks as authorized pursuant to chapter 320, local government code; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; authorizing the use of an official statement to be used in connection with the sale of the certificates; and making other provisions regarding such certificates and matters incident thereto.
2. Consider and approve an order authorizing issuance, sale and delivery Hidalgo County, Texas Certificates of Obligation, Series 2018B; delegating certain authority to the County Judge and the County Executive Officer; payable from the levy of a direct and continuing annual ad valorem tax within the limits prescribed by law and a limited pledge (never to exceed $1000) from the surplus net revenues from the operation of the County’s parks as authorized pursuant to chapter 320, local government code; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; authorizing the use of an official statement to be used in connection with the sale of the certificates; and making other provisions regarding such certificates and matters incident thereto.
3. Consider and approve an order authorizing the issuance, sale and delivery of Hidalgo County, Texas Limited Tax Refunding Bonds, Taxable Series 2018C; delegating certain authority to the county judge and the county executive officer; levying a continuing direct annual ad valorem tax; authorizing the refunding of certain outstanding obligations for the purpose of restructuring the county’s debt; authorizing the execution of a bond purchase contract; approving an official statement, execution of an escrow and trust agreement, and making other provisions regarding such bonds and matters incident thereto.
2. Consider and approve an order authorizing issuance, sale and delivery Hidalgo County, Texas Certificates of Obligation, Series 2018B; delegating certain authority to the County Judge and the County Executive Officer; payable from the levy of a direct and continuing annual ad valorem tax within the limits prescribed by law and a limited pledge (never to exceed $1000) from the surplus net revenues from the operation of the County’s parks as authorized pursuant to chapter 320, local government code; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; authorizing the use of an official statement to be used in connection with the sale of the certificates; and making other provisions regarding such certificates and matters incident thereto.
3. Consider and approve an order authorizing the issuance, sale and delivery of Hidalgo County, Texas Limited Tax Refunding Bonds, Taxable Series 2018C; delegating certain authority to the county judge and the county executive officer; levying a continuing direct annual ad valorem tax; authorizing the refunding of certain outstanding obligations for the purpose of restructuring the county’s debt; authorizing the execution of a bond purchase contract; approving an official statement, execution of an escrow and trust agreement, and making other provisions regarding such bonds and matters incident thereto.
BACKGROUND
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Veronica Ortiz | 09/06/2018 03:53 PM |
| Final Approval | Monica Salinas | 09/07/2018 04:53 PM |
- Form Started By:
- mmunoz
- Started On:
- 09/06/2018 03:00 PM
- Final Approval Date:
- 09/07/2018