Item 6 Passedunofficial
Approve an ordinance authorizing the issuance by Southeast Travis County Municipal Utility District No. 1 of Unlimited Tax Road Bonds, Series 2026, in an amount not to exceed $4,140,000 to finance the District’s share of the construction costs associated with roads and related improvements serving the District, as well as various interest and issuance costs; and waiving City Code Sections 25-9-284 and 25-9-287 to waive notice of the District’s application to Council and the Water and Wastewater commission and waive Commission review of the application to the extent required. Funding: This item has no fiscal impact on the City. The debt service is fully secured and repaid through Southeast Travis County Municipal Utility District No. 1 property taxes.
Council is being asked to sign off on Southeast Travis County Municipal Utility District No. 1 issuing up to $4,140,000 in road bonds to cover its share of building roads and related improvements within the district. The item also waives certain City Code notice and review requirements tied to the district's application. Importantly, this carries no fiscal impact on the City — the debt is fully secured and repaid through the district's own property taxes.
"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)