Title
An ordinance of the City of Mesquite, Texas, authorizing the issuance and sale of City of Mesquite, Texas, General Obligation Bonds, Series 2024, in the approximate aggregate principal amount of $16,500,000; levying a tax in payment thereof; prescribing the form of said bonds; awarding the sale thereof; authorizing a paying agent agreement; approving the official statement; and enacting other provisions relating thereto.
Body
The attached ordinance authorizes Council to delegate the approval of the issuance and sale of General Obligation Bonds, Series 2024, to certain Pricing Officers, subject to all bond sale parameters being met.
The parameter ordinance allows the City maximum flexibility, as the timing of the sale of bonds can occur at any point (i.e., not locked into pricing only on a Council meeting day) after passage of the ordinance subject to each Council-approved parameter being met or exceeded.
Recommended/Desired Action
Staff recommends approval of the ordinance.
Attachment(s)
Ordinance
Drafter
Suzy Cluse
Head of Department
Suzy Cluse