26-1890A
An ordinance approving and authorizing the issuance by the City of Dallas of its Drainage Utility System Commercial Paper Notes, Series A, in an aggregate principal amount at any one time outstanding not to exceed $125,000,000, to provide interim financing to pay Project Costs for Eligible Projects and to refund obligations issued in connection with Eligible Projects; authorizing the issuance and delivery of promissory notes in connection with the issuance, sale and delivery of Commercial Paper Notes, and prescribing the terms, features and characteristics of such instruments; approving and authorizing certain authorized officers and employees to act on behalf of the City in the selling and delivery of such Commercial Paper Notes, within the limitations and procedures specified herein in such ordinance; making certain covenants and agreements in connection therewith; resolving other matters incident and related to the issuance, sale, security and delivery of such Commercial Paper Notes, including the approval and authorization of (1) the approval and authorizing the execution of a Revolving Credit Agreement with XXXXX a Letter of Credit, a Reimbursement Agreement, and a Fee Agreement with U.S. Bank National Association; (2) a Dealer Agreement with BofA Securities, Inc.; and (3) an Issuing and Paying Agent Agreement with U.S. Bank Trust Company, National Association in the manner herein provided; and approving the use of an Offering Memorandum in connection with the sale from time to time of such Commercial Paper Notes; and (4) providing an effective date - Total not to exceed $1,920,000 - Financing: Stormwater Operations Drainage Management Fund ($488,250 upfront closing costs plus annual fees of $1,431,750) (subject to annual appropriations) *In alignment with Water and Wastewater Capital Improvement Program.
- Committee
- City Controller's Office
- Requested by
- City Controller's Office (CCO)
- Introduced
- May 22, 2026
- On agenda
- August 25, 2026