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

Staff Report & Agenda Item Details

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.