The City of Coppell
File #: 2020-5230    Version: 1 Name: Ordinance for Bond Series 2020
Type: Agenda Item Status: Passed
File created: 8/4/2020 In control: Finance
On agenda: 8/11/2020 Final action: 8/11/2020
Title: Consider approval of an Ordinance authorizing the issuance and sale of Combination Tax and Limited Surplus Revenue Certificates of Obligations, Series 2020 in the maximum amount of $28,565,000 for street projects, drainage projects, construction, renovation, equipment, and purchase of land for public safety facilities for the fire department, and water and sewer projects; approving various documents related to such certificates of obligation; and authorizing the Mayor to sign.
Attachments: 1. CO Series 2020 Memo to Council.pdf, 2. Coppell CO 2020--draft ordinance.pdf, 3. Rating Action.pdf, 4. Coppell - Moody's Credit Opinion.pdf, 5. City of Coppell S&P Rating Rationale.pdf

Title

Consider approval of an Ordinance authorizing the issuance and sale of Combination Tax and Limited Surplus Revenue Certificates of Obligations, Series 2020 in the maximum amount of $28,565,000 for street projects, drainage projects, construction, renovation, equipment, and purchase of land for public safety facilities for the fire department, and water and sewer projects; approving various documents related to such certificates of obligation; and authorizing the Mayor to sign. 

 

Summary

See attached memo.

 

Fiscal Impact:

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

 

Staff Recommendation:

The Finance Department recommends approval of this ordinance.

 

Goal Icon:

Sustainable City Government