Drainage Utility System Revenue Refunding Bonds, Series 2016
Key facts
- Latest action
· City Council Meeting
Cash Defeasance Series 2016 Bonds
Result: Approved. Resolution No. 26-6334 and Appropriation Ordinance No. 26-28606. · Amount: $9.2M
- Money
$9.2M in total financial activity across agenda items that mention this project.
Largest single item: $9.2M on (Cash Defeasance Series 2016 Bonds)
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Activity Timeline
June 2026
Adopts a resolution authorizing cash defeasance of the City's Drainage Utility System Revenue Refunding Bonds, Series 2016 to achieve an estimated net present value savings of $386,430.18 (4.31 percent), adopts an appropriation ordinance of $9,150,000.00 in the Stormwater Debt Service Fund from fund balance, and amends the FY2026 Adopted Budget.
…nagement Services Subject (ALL) Adopt Resolution Authorizing Cash Defeasance of Drainage Utility System Revenue Refunding Bonds, Series 2016 to Achieve Savings; Adopt Appropriation Ordinance; and Amend the Fiscal Year 20…