HomeMy WebLinkAboutM1985-0413 - 09/10/1985MOTIONS - 9/10/85
Approving the City Manager's recommendations regarding an advance refunding
of general obligation debt and authorizing the City Manager to take the
necessary steps to proceed with the advanced refunding program and the sale
of the remaining authorized bonds from the 1982 bond election.
The following items were approved:
Selection of Solomon Brothers, MBank, and Texas Commerce Bank as the
lead underwriters to manage this refunding and include Dillon and Read
and Smith Barney as part of team.
b. Authorize the City Manager to prepare the necessary restructuring to
bring back to the City Council for final approval in October the
refunding package for our general obligation debt consistent with the
objectives listed above, and
C. To take the necessary steps to prepare for the sale of the
approximately 13 million dollars in voted, but unissued bonds.
M85 -0413
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