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12 • Action Items / Resolutions / OrdinancesCity of Portland (San Patricio County)

ORDINANCE NO. 2310 AUTHORIZING THE ISSUANCE OF UP TO $10,280,000 GENERAL OBLIGATION REFUNDING BONDS

Presented in: City of Portland CITY COUNCIL MEETING on 2025-05-06
Meeting Agenda PDF

Official Roll-Call Vote

Expands Gov't • 9.1/10 Impact Weight
PASSED (6 - 0)
“Motion to approve ORDINANCE NO. 2310 AUTHORIZING THE ISSUANCE OF UP TO $10,280,000 GENERAL OBLIGATION REFUNDING BONDS”
JG
YES
JG
John G. Sutton, Jr.
Councilmember, Place 1
YES
ZA
Zachary Albrecht
Councilmember, Place 2
YES
GW
Gary W. Moore, Jr.
Councilmember, Place 3
YES
MR
Martha Ruiz
Councilmember, Place 4
YES
BT
Bill T. Wilson, II
Councilmember, Place 5
YES

Staff Report & Agenda Item Details

12. ORDINANCE NO. 2310 AUTHORIZING THE ISSUANCE OF UP TO $10,280,000 GENERAL OBLIGATION REFUNDING BONDS: THE CITY COUNCIL WILL CONSIDER ORDINANCE NO. 2310  AUTHORIZING THE ISSUANCE OF UP TO $10,280,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2025; PROVIDING FOR THE PAYMENT BY THE LEVY OF AN AD VALOREM TAX; DELEGATING, AS NECESSARY, THE AUTHORITY TO EXECUTE CERTAIN MATTERS RELATED TO THE SALE OF THE BONDS; AND OTHER MATTERS IN CONNECTION THEREWITH  DIRECTOR OF FINANCE

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.1/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).