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6.3 • Regular AgendaSan Jacinto River Authority (Montgomery County)
GRP - Resolution - Redemption and Defeasance of Certain Outstanding Bonds Ms. Pam Steiger, Chief Financial Officer, presented the proposal to defease $19,595,000 in principal amount of the Authority's outstanding Special Project Revenue Bonds (GRP Project), Series 2012A, utilizing $10,000,000 from the GRP general fund and $9,936,617.94 from the GRP
Presented in: Board of Directors Regular Meeting - June 26, 2025 on 2025-06-26
Official Roll-Call Vote
Restrains Gov't • 8.5/10 Impact Weight
PASSED (8 - 0)
“Motion to approve GRP - Resolution - Redemption and Defeasance of Certain Outstanding Bonds Ms. Pam Steiger, Chief Financial Officer, presented the proposal to defease $19,595,000 in principal amount of the Authority's”
RM
R Montgomery
Board Director
YES
CB
Charles Boulware
Director, Place 1 (Place 1)
YES
MM
Mark Micheletti
Director, Place 2 (Place 2)
YES
SJ
Stephanie Johnson
Director, Place 3 (Place 3)
YES
SB
Stacey Buick
Director, Place 4 (Place 4)
YES
WF
William Faubel
Director, Place 5 (Place 5)
YES
RA
Ronnie Anderson
Director, Place 6 (Place 6)
YES
RM
Ricardo Mora
Director, Place 7 (Place 7)
YES
Staff Report & Agenda Item Details
GRP - Resolution - Redemption and Defeasance of Certain Outstanding Bonds Ms. Pam Steiger, Chief Financial Officer, presented the proposal to defease $19,595,000 in principal amount of the Authority's outstanding Special Project Revenue Bonds (GRP Project), Series 2012A, utilizing $10,000,000 from the GRP general fund and $9,936,617.94 from the GRP
Bastiat Liberty & Property Rights Analysis
This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 8.5/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.