Discussion and possible action to adopt the capital projects budgets for the Judicial and Public Safety Fund - 757, Water and Wastewater Improvements - Fund 758 and the Campus Chiller Plant-Fund 759 acquired by the issuance of Certificates of Obligations Series 2016.
Issue: The County acquired the Certificates of Obligations Series 2016 and proceeds were received October 5, 2016. The capital projects proceeds were not available during the adoption of the budget.
Solution: Court authorization and approval of the new capital projects for the Certificates of Obligations Series 2016 as prescribed under Texas Local Government Code 111.0705.
Result: The authorized budget will provide the funding for the Judicial and Public Safety - Fund 757, Water and Wastewater Improvement - Fund 758 and the Campus Chiller Plant - Fund 759 acquired by the issuance of Certificates of Obligations Series 2016.