File #: ORD 6352   
In control: City Council Regular Session
On agenda: 4/17/2017
Title: Ordinance providing for 1) the issuance of a limited tax general obligation bond of the City in a maximum principal amount of $120,000,000, to evidence the City’s obligations under a TIFIA loan agreement with the United States Department of Transportation; 2) approving and authorizing execution of the loan agreement and providing for the disposition of the proceeds of the loan, the delivery of the bond to the United States Department of Transportation, and the payment of costs of issuance of the bond; and 3) delegating the authority to approve the final terms of the bond.
Attachments: 1. Agenda Memo, 2. Ordinance

Title

Ordinance providing for 1) the issuance of a limited tax general obligation bond of the City in a maximum principal amount of $120,000,000, to evidence the City’s obligations under a TIFIA loan agreement with the United States Department of Transportation; 2) approving and authorizing execution of the loan agreement and providing for the disposition of the proceeds of the loan, the delivery of the bond to the United States Department of Transportation, and the payment of costs of issuance of the bond; and 3) delegating the authority to approve the final terms of the bond.