Fort Bend County Commissioners Court today voted unanimously to authorize the issuance of and levying taxes for the principal and interest on Unlimited Tax Road and Refunding Bonds.
Trey Cash with Hilltop Securities provided a presentation regarding the bond issuance. The county had taken bids on Monday, receiving a yield of 3.154 percent for the bonds, with a maturity of 20 years. Of the total issuance, $60 million will be for road projects, with an additional $5.34 million to be issued to refinance previous bonds issued in 2009 for a cost savings. Listen (2:09)
The commissioners court voted unanimously to adopt a resolution in support of the development of the Miramonte; the Miramonte Single Living, and the Huntington at Miramonte for 2018 Competitive 9 percent Housing Tax Credits.
The developments are a mix of multi-family, single family and a senior living developments.
Commissioner Grady Prestage spoke in favor of adoption of the resolution.
“It's a real nice development that I'm really excited about,” Prestage said. Listen (2:48)
The commissioners court voted unanimously to reappoint Larry Grant and Freddy Lopez, Sr. to the Fort Bend County Emergency Services District No. 7 Board of Commissioners.
The commissioners court voted unanimously to reappoint Ernie Carter to the Fort Bend County Emergency Services District No. 5 Board of Commissioners.
The commissioners court took no action resulting from closed session discussions regarding Title VI of the Civil Rights Act of 1964, the Omnibus Crime Control and Safe Streets Act of 1968, and hteir implementing regulations.
The commissioners court took no action resulting from closed session discussions regarding the creation of County Assistance Districts.
The commissioners court voted unanimously to authorize the county attorney to incur litigation expenses, in an amount not to exceed $10,000, related to Fort Bend County vs. Stuart M. Henderson, et al, regarding the Katy-Flewellen Drainage Ditch, Parcel 22, as discussed in closed session.
The commissioners court took no action resulting from closed session discussions regarding security devices or security audits for county facilities.
All other items were approved by unanimous vote. All members were present. Agenda