Meeting: City Council

Meeting Time: September 15, 2020 at 7:00pm CDT
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Agenda Item

10. ORDINANCE NO. 2219—AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF UP TO $3,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF “CITY OF PORTLAND, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2020: THE CITY COUNCIL WILL CONSIDER ORDINANCE NO. 2219 AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF UP TO $3,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF “CITY OF PORTLAND, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2020”; SECURING THE PAYMENT THEREOF BY AUTHORIZING THE LEVY OF AN ANNUAL AD VALOREM TAX AND A PLEDGE OF CERTAIN SURPLUS REVENUES OF THE CITY’S WATERWORKS AND SEWER SYSTEM; AND APPROVING AND AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT, AN OFFICIAL STATEMENT AND ALL OTHER INSTRUMENTS AND PROCEDURES RELATED THERETO – DIRECTOR OF FINANCE