The City of Coppell
File #: 2016-2893    Version: 1 Name: Certificate of Obligations, Series 2016
Type: Ordinance Status: Passed
File created: 7/18/2016 In control: Finance
On agenda: 7/26/2016 Final action: 7/26/2016
Title: Consider and take action to adopt an Ordinance authorizing the issuance and sale of City of Coppell, Texas Combination Tax and Limited Surplus Revenue Certificates of Obligation, Series 2016; levying an annual ad valorem tax and providing for the payment of said certificates; approving an official statement; providing an effective date; and enacting other provisions relating to the subject; and authorizing the Mayor to sign.
Attachments: 1. Council Packet Memo.pdf, 2. Ordinance.pdf, 3. Moody's Rating FirstSouthwest (Hilltop Securities) MA Disclosure.pdf, 4. S&P Rating for Series 2016 SP GO.pdf

Title

Consider and take action to adopt an Ordinance authorizing the issuance and sale of City of Coppell, Texas Combination Tax and Limited Surplus Revenue Certificates of Obligation, Series 2016; levying an annual ad valorem tax and providing for the payment of said certificates; approving an official statement; providing an effective date; and enacting other provisions relating to the subject; and authorizing the Mayor to sign.

 

Summary

                     See attached memo

 

Fiscal Impact:

The impact of this bond sale will be incorporated in the City’s Debt Service Tax Rate.

 

Staff Recommendation:

The Finance Department recommends approval of this Ordinance.

 

Goal Icon:

Sustainable City Government