24-0630
Consistent with the FY 2024 approved Three-Year Capital Improvement Program approved by the Corpus Christi City Council on September 5, 2023, consideration and approval of ordinance by the City Council of the City of Corpus Christi, Texas authorizing the issuance of its Utility System Senior Lien Revenue Improvement and/or Refunding Bonds in one or more series (as designated by purpose and series) for water, wastewater, and stormwater utility improvements in an amount not to exceed $186,090,000 and refinancings in an amount not to exceed $100,000,000 within set parameters and according to the plan of finance set by the City’s financial advisors; making provisions for the payment and security thereof by a first and prior lien on and pledge of the net revenues of the City’s utility system on a parity with certain currently outstanding utility system revenue obligations; delegating the authority to the City Manager, Chief Financial Officer, Director of Finance and Procurement and certain other authorized officials to approve and execute documents relating to the issuance; and providing an effective date.
- Committee
- City Council
- Requested by
- Alma Casas
- Introduced
- April 11, 2024
- On agenda
- April 23, 2024
- Passed
- May 14, 2024
- Enacted
- May 14, 2024
- Enactment no.
- 033354
Where it was heard
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