STAFF REPORT 1. Presentation of the Plan of Finance by Noe Hinojosa of Estrada-Hinojosa & Company, Inc., as it relates to the possible issuance of new bond issues and the refunding of existing bonds.
VI. MOTION 3. Authorizing the City Manager to amend the 2016-2017 One Year Action Plan to be submitted to the U.S. Department of Housing and Urban Development (HUD) by including $400,000.00 in Community Development Block Grant (CDBG) funds to undertake the Canseco Neighborhood Center to replace the proposed Canseco Park project. 4. Consideration to approve a five-year contract with Estrada-Hinojosa & Company Inc., of Dallas, Texas, for Financial Advisory Services for the City of Laredo and approval of the new regulatory requirements as attached in addendum A of contract. Financial advisory services are based on the size of the debt issuance sold and are paid from said proceeds. Funding for these services will be available form proceeds of the debt issuance. Contract period is from May 1, 2016 to April 30, 2021. VIII. ADJOURNMENT
Jul 12, 2016 Special City Council
STAFF REPORT 1. Presentation of the Plan of Finance by Noe Hinojosa of Estrada-Hinojosa & Company, Inc., as it relates to the possible issuance of new bond issues and the refunding of existing bonds.
VI. MOTION 3. Authorizing the City Manager to amend the 2016-2017 One Year Action Plan to be submitted to the U.S. Department of Housing and Urban Development (HUD) by including $400,000.00 in Community Development Block Grant (CDBG) funds to undertake the Canseco Neighborhood Center to replace the proposed Canseco Park project. 4. Consideration to approve a five-year contract with Estrada-Hinojosa & Company Inc., of Dallas, Texas, for Financial Advisory Services for the City of Laredo and approval of the new regulatory requirements as attached in addendum A of contract. Financial advisory services are based on the size of the debt issuance sold and are paid from said proceeds. Funding for these services will be available form proceeds of the debt issuance. Contract period is from May 1, 2016 to April 30, 2021. VIII. ADJOURNMENT