Title
Ordinance - An Ordinance Authorizing the Issuance and Sale of City of Mansfield, Texas Combination Tax and Revenue Certificates of Obligation, Series 2018, in the Aggregate Principal Amount of Not to Exceed $17,000,000; Levying a Tax in Payment Thereof; Prescribing the Form of Said Certificates; Awarding the Sale of the Certificates; Approving the Official Statement; Approving an Engagement Letter; and Enacting Other Provisions Relating Thereto (Note: City Council will Postpone Consideration of this Ordinance to the January 22, 2018, Regular City Council Meeting)
Requested Action
Postpone approval of ordinance to January 22, 2018.
Recommendation
Postpone approval of ordinance to January 22, 2018.
Description/History
On October 23, 2017 a resolution was approved relating to the giving notice of intention to issue City of Mansfield, Texs Combination Tax and Revenue Certificates of Obligation. This notice announced the issuance and sale would take place on the December 11, 2017 meeting. This issuance has been postponed to January 22, 2018 due to the site visits from the bond rating agencies.
Justification
Funding Source
Prepared By
Peter Phillis, Deputy City Manager
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