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26.
Commissioners Court - Regular Session
Meeting Date:
05/09/2017
Title:
Resolution for Education Revenue Bonds Series 2017 for Orenda Education
Submitted For:
Julie Kiley
Submitted By:
Julie Kiley, County Auditor
Department:
County Auditor
Agenda Category:
Regular Agenda Items

Information

Agenda Item

Discuss, consider and take any appropriate action regarding a Resolution approving Newark higher Education Finance Corporation Education Revenue bonds, Series 2017 (Orenda Education) for the benefit of Orenda Education in compliance with Section 147(f) of the Internal Revenue Code (Note: The bonds are not a liability of Williamson Count).

Background

The bonds will be issued for Orenda Education for the purpose of constructing and equiping education related facilities.  A list is included in the attached resolution.  Section 147(f) of the Internal Revenue Code requires that the governmental unit in which the facility is located approve the bonds.  Documentation is attached showing that they have met the requirement of a public hearing following reasonable public notice.  They are not a liability of the County and a representative for Orenda Education will be in Commissioners Court to answer questions.

Fiscal Impact

Attachments

Form Review

Inbox Reviewed By Date
County Judge Exec Asst. Wendy Coco 05/02/2017 09:22 AM
Form Started By:
Julie Kiley
Started On:
04/28/2017 12:52 PM
Final Approval Date:
05/02/2017