CAA BONDS SERIES 2026

Board of County Commissioners · 2026-07-21 · resolution

This legislative item authorizes the issuance of Capital Asset Acquisition Special Obligation Bonds, Series 2026A, with a principal amount not to exceed $480,000,000.00. The bonds will fund certain capital assets and/or projects. Estimated costs of issuance are $4,005,360.00, with an estimated final maturity of April 1, 2056. The bonds will be payable solely from legally available non-ad valorem revenues that the County covenants to budget and appropriate annually. The resolution authorizes a public sale of bonds by competitive bids and empowers the County Mayor or their designee to finalize terms, accept bids, and select agents. It also includes provisions for continuing disclosure and waives certain provisions of Resolution No. R-130-06. The Office of Management and Budget is the requester, and Anthony Rodriguez is the prime sponsor.