Combined Utility System Refunding Bonds Ordinance
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**PULLED – This item will not be considered on Wednesday, October 28, 2026 ORDINANCE supplementing the City of Houston, Texas Combined Utility System Master Ordinance No. [2026-___] relating to the issuance of Combined Utility System First Lien Revenue Refunding Bonds in one or more Series; authorizing the Mayor and City Controller to approve the Amounts, Interest Rates, Prices, and Terms thereof and certain other matters relating thereto; making other provisions regarding such Bonds including the use of one or more Preliminary Official Statements and authorizing the Preparation and Distribution of one or more Official Statements and matters incident thereto; awarding the sale of the Bonds; authorizing the Defeasance, Final Payment, Discharge and/or Tender of certain Outstanding Combined Utility System Obligations and other related Procedures, Provisions and Agreements pertaining thereto; authorizing the execution and delivery of one or more Bond Purchase Agreements, Paying Agent/Registrar Agreements, Dealer Management Agreements; Approving Amendments to a Co-Bond Counsel Agreement, and a Special Disclosure Co-Counsel Agreement; and such other agreements relating to the Bonds or the security therefor; and declaring an emergency This item should only be considered after the passage of Item 6 above
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Actions
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Pull Item 6 and bond counsel agreement amendments
Applies if: Client is a bondholder, underwriter, or counsel on the Combined Utility System obligations
Why now: The pulled ordinance says it should only be considered after Item 6 passes and covers defeasance, tender, and amendments to the Co-Bond Counsel and Special Disclosure Co-Counsel agreements.
What to do: Obtain the text of Item 6 and the proposed amendments to the Co-Bond Counsel and Special Disclosure Co-Counsel agreements. Determine whether this refunding ordinance's dependency on Item 6 and the planned defeasance or tender of outstanding obligations depend on terms in those documents, since the ordinance is pulled and could return changed.
Act before: After the next material record update
Ask why Houston pulled utility refunding bond ordinance
Applies if: Reporter covers city finance or utility rates
Why now: The October 27, 2026 record marks the ordinance "PULLED" and "Not Received - Not Considered" for the October 28 meeting, and states it should only be considered after passage of Item 6.
What to do: Ask the City Controller's office and the Mayor's office why this bond refunding ordinance was pulled, and whether it is tied to Item 6, the item it was to follow. The record gives no reason, and the ordinance would give the Mayor and Controller authority to set amounts, rates and prices.
Act before: After the next material record update
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**PULLED – This item will not be considered on Wednesday, October 28, 2026 ORDINANCE supplementing the City of Houston, Texas Combined Utility System Master Ordinance No. [2026-___] relating to the issuance of Combined Utility System First Lien Revenue Refunding Bonds in one or more Series; authorizing the Mayor and City Controller to approve the Amounts, Interest Rates, Prices, and Terms thereof and certain other matters relating thereto; making other provisions regarding such Bonds including the use of one or more Preliminary Official Statements and authorizing the Preparation and Distribution of one or more Official Statements and matters incident thereto; awarding the sale of the Bonds; authorizing the Defeasance, Final Payment, Discharge and/or Tender of certain Outstanding Combined Utility System Obligations and other related Procedures, Provisions and Agreements pertaining thereto; authorizing the execution and delivery of one or more Bond Purchase Agreements, Paying Agent/Registrar Agreements, Dealer Management Agreements; Approving Amendments to a Co-Bond Counsel Agreement, and a Special Disclosure Co-Counsel Agreement; and such other agreements relating to the Bonds or the security therefor; and declaring an emergency This item should only be considered after the passage of Item 6 above
Vote: 0 for, 0 against
not considered - ordinance supplementing Combined Utility System Master Ordinance for First Lien Revenue Refunding Bonds