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Consideration of and action on authorization to use the remaining Series 2021 and Series 2022 Certificates of Obligation proceeds and interest earnings for the design, construction, improvement, and equipment associated with renovations to the Theatre building.
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Summary:
On May 1, 2021 the voters in the City of Deer Park approved a proposition continuing the levy and collection of the Type B sales and use tax within the City at the rate of one half of one percent for the promotion and development of the additional purpose of land, buildings, equipment, facilities, and improvements (including the maintenance and operating costs thereof) found by the board of directors of the deer park community development corporation to be required or suitable for use for the following: amateur sports, children's sports, athletic, entertainment and public park purposes and events, including ball parks, parks and park facilities, and open space improvements (including (i) a community/recreation center complex with indoor pool, gymnasium, and indoor track and (ii) an outdoor pool and/or pool related facilities); related concession and automobile parking facilities; related roads, streets, and water and sewer facilities; and other related improvements that enhance any of the above.
On June 1, 2021 the City Council of the City of Deer Park authorized Resolution 2021-04 Notice of Intent to issue Series 2021 Certificates of Obligation for the following purposes: all or any part of the costs associated with the (i) the design, construction, improvement and equipment of parks and recreational facilities, including: (a) a community and recreation center and (b) youth recreational sports complex improvements, including parking and lighting for such facilities, and (ii) the costs of professional services related thereto.
On August 2, 2022 the City Council of the City of Deer Park authorized Resolution 2022-05 Notice of Intent to issue Series 2022 Certificates of Obligation for...
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