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AI- 6147   4. A. 1.    
Commissioners Court - Regular
Meeting Date: 04/01/2015  
Order related to Sale of CO's
Submitted By: Steve Waterman, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider adoption of an Order by the Commissioners Court of Nueces County, Texas authorizing the issuance of Nueces County, Texas combination tax and revenue Certificates of Obligation, Series 2015 in an amount not to exceed $20,000,000 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; providing for the payment of said certificates by the levy of an Ad Valorem Tax upon all taxable property within the County and further securing said certificates by a lien on and pledge of the pledged revenues of the Solid Waste Management System; providing the terms and conditions of said certificates and resolving other matters incident and relating to the issuance, payment, security, sale, and delivery of said certificates; including the approval and distribution of an Official Statement; authorizing the execution of a Paying Agent/Registrar Agreement and a Purchase Contract; comply with the requirements imposed by letter of representations previously executed with the Depository Trust Company; and providing an effective date.
BACKGROUND
DISCUSSION

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
Order authorizing issuance of CO's

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