Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval to pay the August 2025 debt service payments for Hotel Occupancy Tax (HOT) bonds in the amount of $23,079,067.10 and to wire payments to the paying agent on the scheduled payment date of August 15, 2025.
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Background and Discussion:
HOT Debt service payments due on August 15, 2025:
$16,210,000.00
General Obligation & Revenue Refunding Bonds, Series 2002
3,164,000.00
Tax & Sub Lien Revenue CO, Series 2022
2,485,000.00
Tax & Sub Lien Revenue Refunding Bonds, Series 2022A
1,219,567.10
HOT Senior Lien Rev Bonds, Taxable Series 2024
$23,079,067.10
Expected Impact:
Reduce HOT debt.
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.
Additional notes related to the Strategic Plan: N/A
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
Location:
Address (if applicable):
Precinct(s): Choose an item.
Fiscal and Personnel Summary
Servic...
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