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NOTICE OF INTENT TO ISSUE BASTROP COUNTY, TEXAS CERTIFICATES OF OBLIGATION
02/28/2023

TAKE NOTICE that the Commissioners Court (the Court) of Bastrop County, Texas (the County), shall convene at 9:00 o’clock A.M. on the 24th day of April, 2023, at its regular meeting place in Bastrop County Courthouse, and, during such meeting, the Court will consider the passage of an order authorizing the issuance of certificates of obligation (the Certificates) in an amount not to exceed $10,000,000 for the purpose or purposes of paying contractual obligations of the County to be incurred for making permanent public improvements and for other public purposes, to-wit: (1) construction and equipping of a County building on County purchased land in Bastrop, Texas; (2) technology and communication upgrades; (3) construction and improvement of County roads and bridges, including the acquisition of right-of-way and relocation of utilities; (4) acquisition of road maintenance equipment; (5) County Building Upgrades; and (6) payment for professional services relating to the design, construction, project management, and financing of the aforementioned projects. The Certificates will be payable from the levy of an annual ad valorem tax, within the limitations prescribed by law, upon all taxable property within the County and from a lien on and pledge of certain of the net revenues derived from the housing of prisoners in the county jail. In accordance with Section 271.049, as amended, Texas Local Government Code, (i) the current principal amount of all of the County outstanding public securities secured by and payable from ad valorem taxes is $42,274,000.00; (ii) the current combined principal and interest required to pay all of the County’s outstanding public securities secured by and payable from ad valorem taxes on time and in full is $50,508,828.69; (iii) the estimated combined principal and interest required to pay the Certificates to be authorized on time and in full is $14,794,711.11; (iv) the maximum interest rate for the Certificates may not exceed the maximum legal interest rate; and (v) the maximum maturity date of the Certificates to be authorized is August 1, 2043. The Certificates are to be issued, and this notice is given, under and pursuant to the provisions of the Certificate of Obligation Act of 1971, as amended, Texas Local Government Code Section 271.041 through Section 271.064, and Section 361.052, as amended, Texas Local Government Code.

 

____/s/______Krista Bartsch_____________

County Clerk and Ex-Officio Clerk of the

Commissioners Court of Bastrop County, Texas