Regular City Council Meeting
Return to the Minutes Page
Resolution - Finance:
Consider the adoption of a resolution authorizing publication of notice of intention to issue City of Lubbock, Texas Water and Wastewater System Revenue Bonds.
The City's bonds, to be designated "City of Lubbock, Texas, Water and Wastewater System Revenue Bonds, Series 2021A," are hereby authorized to be issued and delivered in accordance with the Constitution and laws of the State of Texas, including specifically Chapter 1502 and Article VIII of the Charter of the City.
The Series 2021A Bonds shall be issued as Texas Water Development Board (TWDB) Bonds in the aggregate principal amount of $10,455,000, for the purposes of:
(i) paying the costs of acquiring, purchasing, constructing, improving, renovating, enlarging and equipping property, buildings, structures, facilities and related infrastructure for the Water and Wastewater System;
(ii) funding capitalized interest for the Bonds;
(iii) funding the reserve fund requirement for the Bonds, and;
(iv) paying the costs of issuing the Bonds.
The Series 2021A Bonds shall be issued as TWDB Bonds in the aggregate principal amount of $10,455,000 and will be paid through revenues of the Water system.
D. Blu Kostelich, Chief Financial Officer
Resolution Authorizing Publication of WW Notice of Intent
AgendaQuick ©2005 - 2022 Destiny Software Inc.
All Rights Reserved.