The new resolution is necessary because the original purchaser of/lender for the governmental note/bonds, Citibank, N.A., identified in the 12/13 resolution, backed out of the deal last week. JPI has been able to secure InterBank to take Citibank’s place as purchaser/lender under the same structure that was approved at the 12/13 meeting. However, because Citibank was specifically identified in the 12/13 meeting, the Attorney General’s Office does not believe the change can be made without Board approval. The new resolution will accomplish that by substituting InterBank for Citibank, and provides that it supersedes and replaces in its entirety the 12/13 resolution.
Purchasing Department Action
HR and/or IT Action
Budget Department Action
Auditor's Office Action
Commissioners Court
Authorizing the issuance, sale and delivery of multifamily housing revenue note (Parmore Anna) series 2021A and series 2021B, Administrative Services.