Commissioners Court - Regular

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AI-7907 4.A.2.       
Meeting Date: 11/16/2016  
Order related to Sale of CO's
Submitted By: Steve Waterman, Commissioners Court Admin
Department: Commissioners Court Admin  

Discuss and consider the adoption of an Order by the Commissioners Court of Nueces County, Texas authorizing the issuance of Nueces County, Texas combination tax and revenue Certificates of Obligation, Series 2016 in an amount not to exceed $20,500,000 for the purpose of paying contractual obligations of the County incurred or to be incurred for making permanent public improvements and for other public purposes, to-wit (1) acquiring, designing, constructing, renovating, repairing and improving various County facilities to comply with the Americans With Disabilities Act and other federal laws; (2) upgrading and improving the County’s Information Technology Systems; (3) acquiring, designing, constructing, renovating, repairing, and improving various County facilities; (4) acquiring, designing, constructing, renovating, repairing, and improving various County parks system facilities; (5) acquiring, designing, constructing, renovating, repairing, and improving the County airport runway and facilities; (6) the purchase of materials, supplies, equipment, machinery, landscaping, land and rights-of-way in Nueces County for authorized needs and purposes related to the aforementioned capital improvements; (7) the construction of and improvements to various roads, bridges and drainage facilities throughout Nueces County; (8) and the payment of professional, fiscal, engineering and legal fees incurred in connection therewith; providing for the payment of said certificates by the levy of an Ad Valorem Tax upon all taxable property within the County and further securing said certificates by a lien on and pledge of revenues of the Coastal Park System; providing the terms and conditions of said certificates and resolving other matters incident and relating to the issuance, payment, security, sale, and delivery of said certificates; including the approval and distribution of an Official Statement; authorizing the execution of a Paying Agent/Registrar Agreement and a Purchase Agreement; comply with the requirements imposed by letter of representations previously executed with Depository Trust Company; and providing an effective date.

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CO Order


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