Title
An ordinance of the City of Mesquite, Texas, authorizing the issuance of City of Mesquite, Texas, Waterworks and Sewer System Revenue Bonds, Series 2023, in the aggregate principal amount not to exceed $33,500,000.00; approving an official statement; making provisions for the security thereof; authorizing the execution and delivery of a purchase agreement, providing an effective date; approving and enacting other provisions relating thereto.
Body
The attached ordinance authorizes Council to delegate the approval of the sale of Waterworks and Sewer System Revenue Bonds, Series 2023, 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
Proposed Bond Projects
Drafter
Cindy L. Smith
Head of Department
Cindy L. Smith