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 August 2024 Hotel Occupancy Tax (HOT) debt payments and to wire payments to the paying agent on the scheduled payment date of August 15, 2024.
end
Background and Discussion:
Debt service payments due August 15, 2024:
$16,210,000
GO Revenue & Refunding Bonds, Series 2002
2,485,500
Tax & Sub Lien Revenue Refunding Bonds, Series 2022A
3,108,125
Tax & Sub Lien Revenue Certificates of Obligation, Series 2022
$21,803,625
Expected Impact:
Reduce HOT outstanding 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
Bonds
Current Fiscal Year Cost
Annual Fiscal Cost
Labor
Non-Labor
Total
Recurring Expenses
Funding Sources
Existing Budget
Bonds
$
$21,803,625
$21,803,625
$
Choose an item.
$
$
$
$
Choose an item.
$
$
$
$
Total Current Budget
$
$21,803,625
$21,803,625
$
Additional Budget Request (Requires Fiscal Review Request Form)
Choose an item.
$
$
$
$
Choose an item.
$
$
$
$
Choose an item.
$
$
$
$
Total Additional Budget Request
$
$
$
$
Total Funding Request
$
$
$
$
Personnel (Fill out section only if requesting new PCNs)
Current Position Count for Service
-
-
-
-
Additional Positions Request
-
-
-
-
Total...
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