Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Regular RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval to pay the February 2024 Hotel Occupancy Tax (HOT) debt payments and to wire payments to the paying agent on the scheduled payment date of February 15, 2024.
end
Background and Discussion:
Debt service payments due on February 15, 2024:
$2,485,500 Tax & Sub Lien Revenue Refunding Bonds, Series 2022A
743,125 Tax & Sub Lien Revenue Certificates of Obligation, Series 2022
$3,228,625
Expected Impact:
Reduce HOT debt.
Alternative Options:
N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
Location:
Address (if applicable): N/A
Precinct(s): Choose an item.
Fiscal and Personnel Summary
Service Name
Debt Service
FY 24
FY 25
Next 3 FYs
Incremental Expenditures (do NOT write values in thousands or millions)
Labor Expenditures
$
$
$
Non-Labor Expenditures
$3,228,625
$
$
Total Incremental Expenditures
$3,228,625
$
$
Funding Sources (do NOT write values in thousands or millions)
Existing Budget
Bonds
$3,228,625
$
$
Choose an item.
$
$
$
Choose an item.
$
$
$
Total Current Budget
$3,228,625
$
$
Additional Budget Requested
Choose an item.
$
$
$
Choose an item.
$
$
$
Choose an item.
$
$
$
Total Additional Budget Requested
$
$
$
Total Funding Sources
$3,228,625
$
$
Personnel (Fill out section only if requesting new PCNs)
Current Position Count for Service
-
-
-
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