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AI- 6057   4. A. 5.    
Commissioners Court - Special
Meeting Date: 02/24/2015  
Notice of Intent to issue Certificates of Obligation
Submitted By: Steve Waterman, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider the adoption of a resolution by the Commissioners Court of Nueces County, Texas authorizing and approving publication of a notice of intention to issue and sell one or more series of Certificates of Obligation; in an amount not to exceed $20,000,000 as provided pursuant to the provisions of the Certificate of Obligation Act of 1971, as amended, Texas Local Government Code, Section 271.041 through Section 271.064, for the purpose of paying contractual obligations of the County to be incurred for making permanent public improvements and for other public purposes, to-wit: (1) acquiring, designing, constructing, renovating, repairing, and improving County roads and bridges (including any utilities relocation) and drainage incidental thereto; (2) acquiring, designing, constructing, renovating, repairing, and improving the McKinzie County Jail Annex; (3) acquiring, designing, constructing, renovating, repairing, and improving various County facilities to comply with the Americans With Disabilities Act and other federal laws; (4) acquiring, designing, constructing, renovating, repairing, and improving various County facilities; (5) acquiring, designing, constructing, renovating, repairing, and improving the County’s Airport, including a runway extension; (6) acquiring, designing, constructing, renovating, repairing, and improving the County parks system and facilities; (7) the purchase of materials, supplies, equipment, machinery, landscaping, land, and rights-of-way for authorized needs and purposes relating to the aforementioned capital improvements; and (8) the payment of professional services related to the design, construction, project management, and financing of the aforementioned projects; and complying with the requirements contained in Securities and Exchange Commission Rule 15c2-12; and providing an effective date and related matters. 
BACKGROUND
DISCUSSION

The Plan of Finance will be provided by Estrada Hinojosa Investment Bankers, the County's Financial Advisor.


Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
Notice of Intent Resolution
Letter re Notice of Intent

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