Board of Liquidation, City Debt (New Orleans) public meetings in 2021
15 substantive meetings from 2021, with official agendas or minutes and plain-English summaries.
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for December 15, 2021, has been cancelled. The document states there was no business to come before the Board.
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will meet to discuss the 2022 budget and millage levy resolution. The body is also considering the issuance and sale of limited tax bonds for the Audubon Commission Projects.
- Issuance and sale of up to $40,000,000 in City of New Orleans Limited Tax Bonds (Audubon Commission Projects)
- Adoption of the 2022 Budget Resolution
- Adoption of the 2022 Millage Levy Resolution for general obligation bonded debt
- Selection of a vice-president from the syndicate membership
The Board of Liquidation, City Debt approved the issuance of limited tax bonds to fund Audubon Commission projects and adopted the 2022 budget and millage levy. The bond sale was awarded to Wells Fargo Bank. The 2022 millage levy was maintained at 19.5 mills.
- Approved 2022 Millage Levy at 19.5 mills (6-0)
- Approved 2022 Budget of $664,306 (6-0)
- Accepted electronic bids for City of New Orleans Limited Tax Bonds for Audubon Commission Projects (7-0)
- Awarded bond sale to Wells Fargo Bank for Audubon Commission Projects (7-0)
- Adopted minutes of the October 20, 2021 meeting
- Deferred selection of a vice president to the next meeting
🗳️ How they voted (4 roll-call votes)
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will consider bids and a resolution for the negotiated sale of up to $6.5 million in Downtown Development District Limited Tax Refunding Bonds, Series 2021. It will also consider a resolution authorizing the issuance of up to $275 million in Sewerage Service Revenue Bonds (WIFIA Projects), Series 2021, to be sold to the U.S. Environmental Protection Agency. The meeting will be held via video conference due to the COVID-19 pandemic, with only written public comment accepted.
- Consider bids for negotiated sale of up to $6,500,000 Downtown Development District Limited Tax Refunding Bonds, Series 2021
- Consider resolution for issuance and sale of up to $6,500,000 Downtown Development District Limited Tax Refunding Bonds, Series 2021
- Consider resolution authorizing issuance of up to $275,000,000 Sewerage Service Revenue Bond (WIFIA Projects), Series 2021, sold to U.S. EPA
- Approve minutes of August 18, 2021 special meeting
- Receive auditors' reports for July, August, and September 2021
The Board authorized the issuance of $275 million in Sewerage Service Revenue Bonds to fund over 160 sewer line replacement projects via a WIFIA loan. Additionally, the Board approved the sale of $6.5 million in refunding bonds for the Downtown Development District.
- Approved Truist Bank as the purchaser for Downtown Development District Limited Tax Refunding Bonds (7-0)
- Approved issuance and sale of up to $6.5 million in Downtown Development District Limited Tax Refunding Bonds, Series 2021 (7-0)
- Approved issuance of up to $275 million in Sewerage Service Revenue Bonds (WIFIA Projects), Series 2021, to be sold to the US EPA (7-0)
- Adopted minutes from the August 18, 2021, special meeting
🗳️ How they voted (3 roll-call votes)
Board of Liquidation, City Debt
The Board of Liquidation, City Debt has cancelled its regular monthly meeting scheduled for September 15, 2021, because there is no business to conduct.
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will review bids and consider resolutions for several bond issuances. The meeting includes reviewing reports for public improvement bonds and considering a resolution to advertise new limited tax bonds.
- Receive bids for $285,000,000 Public Improvement Bonds, Series 2021A
- Receive bids for $15,000,000 Taxable Public Improvement Bonds, Series 2021B
- Consider resolution for the issuance and sale of $285,000,000 and $15,000,000 bonds
- Consider resolution to advertise up to $40,000,000 in Limited Tax Bonds for Audubon Commission Projects
The Board approved the sale of $285 million in tax-exempt and $15 million in taxable public improvement bonds. Additionally, the Board adopted a resolution to advertise for the sale of up to $40 million in limited tax bonds for Audubon Commission projects.
- Approved sale of $285M Public Improvement Bonds (Issue 2021A) and $15M Taxable Public Improvement Bonds (Issue 2021B) (7-0)
- Awarded winning bid for Public Improvement Bonds to Jefferies LLC (7-0)
- Approved advertising resolution for the sale of up to $40M City of New Orleans Limited Tax Bonds for Audubon Commission Projects (7-0)
- Adopted minutes from the July 21, 2021 meeting
🗳️ How they voted (2 roll-call votes)
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will meet via video conference to discuss preliminary approval for two bond issues. The body will also select a president and vice-president for terms expiring June 30, 2022.
- Preliminary approval for up to $275,000,000 of City of New Orleans Sewerage Service Revenue Bonds (WIFIA Projects)
- Preliminary approval for up to $6,500,000 of City of New Orleans Downtown Development District Limited Tax Bonds
- Election of a president and vice-president from the syndicate membership
The Board granted preliminary approval for two separate financing measures for the Downtown Development District and the Sewerage and Water Board. The Board also re-elected its leadership and updated bank account signatures.
- Approved preliminary issuance of Downtown Development District Limited Tax Bonds not to exceed $6.5M (5-0)
- Approved preliminary issuance of Sewerage Service Revenue Bonds (WIFIA Projects) not to exceed $275M (5-0)
- Re-elected Mary K. Zervigon as President and Mr. O’Connor as Vice President (5-0)
- Approved adding Comptroller Dat Tran as an authorized signature for BLCD bank accounts (5-0)
- Adopted minutes from the March 17, 2021 meeting
🗳️ How they voted (4 roll-call votes)
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for June 16, 2021, has been canceled. The notice states there was no business to come before the Board.
Board of Liquidation, City Debt
The Board of Liquidation, City Debt has canceled its regular monthly meeting scheduled for May 19, 2021, because there is no business to conduct.
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for April 21, 2021, has been canceled. The notice states there was no business to come before the Board.
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will meet via video conference to review a report from the Board Secretary Search Committee. The discussion focuses on the appointment and pay for a new Secretary.
- Report and recommendation regarding the appointment and compensation of a new Secretary
- Approval of February 24, 2021, meeting minutes
The Board appointed Tracy Madison to the position of Secretary. The Board also established an annual salary of $132,000 for the role.
- Approved minutes of the February 24, 2021 special meeting
- Offered the position of Secretary to Tracy Madison (6-0)
- Set the annual salary for the new Secretary at $132,000 (6-0)
🗳️ How they voted (3 roll-call votes)
Board of Liquidation, City Debt
The Board of Liquidation, City Debt Search Committee will meet via video conference to discuss and recommend a candidate for Secretary to the Board, following interviews held on March 2 and March 4, 2021. The meeting also includes an update from Gans & Associates on the recruitment process. Public comment is limited to written submissions only.
- Discussion and recommendation of Secretary to the Board from interviews held March 2, 2021 and March 4, 2021
- Update from Gans & Associates on the process for recruiting candidates to fill the Secretary position
- Approval of minutes from the February 8, 2021 Search Committee meeting
Board of Liquidation, City Debt
The Board of Liquidation, City Debt is meeting to discuss and consider resolutions for two large bond purchase agreements. The board will also receive an update on anticipated public improvement bonds.
- Consideration of $178,195,000 in Taxable Sewerage Service Revenue Refunding Bonds, Series 2021
- Consideration of $194,300,000 in Taxable Water Revenue Refunding Bonds, Series 2021
- Update on anticipated $285,000,000 Public Improvement Bonds, Issue of 2021A
- Update on anticipated $15,000,000 Taxable Public Improvement Bonds, Issue of 2021B
- Review of the December 2020 auditors' report
The Board adopted resolutions for the final form and execution of two bond purchase agreements for sewerage and water revenue refunding. The board also received an update on the anticipated issuance of public improvement bonds for 2021.
- Approved $178,195,000 Taxable Sewerage Service Revenue Refunding Bonds, Series 2021 (7-0)
- Approved $194,300,000 Taxable Water Revenue Refunding Bonds, Series 2021 (7-0)
- Adopted minutes from the January 20, 2021 meeting
🗳️ How they voted (2 roll-call votes)
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for February 17, 2021, was canceled because there was no business to conduct.
- Meeting canceled
Board of Liquidation, City Debt
The Board approved two resolutions for the negotiated sale of taxable refunding bonds to provide debt service relief and fund capital projects. The Board also opted to allow the use of surety bonds to fund debt service reserve funds, which may release approximately $23 million for construction.
- Approved issuance of up to $215M Taxable Sewerage Service Revenue Refunding Bonds, Series 2021 (7-0)
- Denied amendment to require cash funding instead of a surety bond for the Sewer DSRF (2-5)
- Approved issuance of up to $200M Taxable Water Revenue Refunding Bonds, Series 2021 (6-1)
- Adopted November 18, 2020 meeting minutes as amended
🗳️ How they voted — 2 divided votes
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will discuss resolutions for two major bond issuances. These include up to $215,000,000 in Taxable Sewerage Service Revenue Refunding Bonds and up to $200,000,000 in Taxable Water Revenue Refunding Bonds. The Board will also receive a report from the BLCD Secretary Search Committee.
- Issuance of up to $215,000,000 in Taxable Sewerage Service Revenue Refunding Bonds, Series 2021
- Issuance of up to $200,000,000 in Taxable Water Revenue Refunding Bonds, Series 2021
- Report from the BLCD Secretary Search Committee