ORDINANCE NO. ________ Authorizing the issuance of CITY OF DALLAS, TEXAS
ProposalAI Summary
This ordinance, adopted February 14, 2024, authorizes the City of Dallas, Texas to issue General Obligation Refunding Bonds. The ordinance establishes the legal framework for the bonds, including definitions, security provisions backed by a tax levy for payment, and general terms governing bond issuance, denomination, maturity, interest rates, registration, transfer, and redemption. The document addresses administrative mechanisms such as book-entry-only systems, successor securities depositories, and payment procedures through Cede & Co., with provisions for optional and mandatory sinking fund redemption before maturity. No specific bond amount, interest rate, maturity date, or tax rate is stated in the provided excerpt.
Topics
Document preview
Preview blocked by the source? Use the "Open PDF" button above.
More proposals from Dallas
The Dallas City Council approved deed restrictions on August 8, 1990, for property on the north side of Eighth Street west of South R. L. Thornton Freeway (zoning Case #2890-1a2/8883-1-ot), in conjunction with an RR Regional Retail District designation. The deed restrictions, imposed on Lot 5 of the E. Robertson Survey by property owner Collection Finance Corporation, establish a maximum floor area ratio of 1:1 as defined in the Dallas Development Code. The restrictions remain in effect for 25 years from execution and automatically extend for additional 10-year periods unless amended or terminated through public hearings before the City Plan Commission and City Council approval. The restrictions were filed in the Dallas County Deed Records.
AI summary