Consideration of and possible action approving a Resolution authorizing the issuance of up to $5,000,000 in principal amount of Guadalupe- Blanco Ri ver Authority General Improvement Revenue Bonds, fo

Staff Report & Agenda Item Details

Consideration of and possible action approving a Resolution authorizing the issuance of up to $5,000,000 in principal amount of Guadalupe- Blanco Ri ver Authority General Improvement Revenue Bonds, for the primary purpose of financing improvements to the Diversion Dam & Saltwater Barrier; authorizing the sale thereof pursuant to a competitive sale; delegating authority to the Acting General Manager/CEO and the Executive Manager of Finance/CFO to approve all final terms of the Bonds; approving and authorizing the execution of all instruments and procedures related thereto including a Paying Agent/Registrar Agreement; authorizing the preparation and distr ibution of an Official Statement; and containing other provisions related thereto.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.3/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).