City Council

Agenda — 2 items

1. Consider the approval of Resolution 2025-36R approving and authorizing the execution of an amendment to the Lease/Purchase agreement between the City of Rockport, Texas and Banc of America Leasing & Capital, LLC, to allow for the partial prepayment of debt attributable to their gas system, and to clarify that the obligation is not a taxable direct pay Qualified Energy Conservation Bond: and approving and authorizing the execution of all other instruments and procedures related thereto
2. Consider the approval on the first and only reading of Ordinance 1993 authorizing the issuance of approximately $5,100,000 in principal amount of City of Rockport, Texas Tax Note, Series 2025 (1) Planning, Constructing, Improving and Repairing Streets, Sidewalks, Bridges and Drainage Improvements, together with Right-of-Way acquisition, Traffic and Street Signalization, Landscaping, and Lighting Improvements, (2) Acquiring Equipment and Vehicles for various City departments, including the Public Works and Building & Development Department, (3) Acquiring, Constructing, Improving and Equipping Public Safety Facilities, including Police Department Facilities and Facilities for the Volunteer Fire Department, (4) Acquiring, Constructing, Improving and Equipping Wastewater Treatment Facilities and Parks and Recreational Facilities, (5) Purchasing Real Property, Materials, Supplies, Equipment, Machinery, Buildings, Land, and Right-of-Way for authorized needs and purposes related to the aforementioned capital improvements; securing the payment thereof by authorizing the levy of an annual Ad Valorem Tax; and approving and authorizing the execution of a Paying Agent/Registrar Agreement, a Purchase Letter, and all other instruments and procedures related thereto

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