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Brazoria County Toll Road Authority 2026 New Money Bonds and 2027 Refunding Bonds
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The Court hereby approves the order as presented to Court authorizing the Brazoria County Toll Road Authority (“BCTRA:”) to issue limited contract tax and subordinate lien toll road revenue bonds, in one or more series, approving an amendment to the Joint Project Agreement with the Brazoria County Toll Road Authority and levying and pledging a tax for the payment of the County’s obligations thereunder; and containing other provisions relating to the subject.
BCTRA anticipates issuing a new series of bonds in Fall 2026 (the “2026 New Money Bonds”) to pay construction costs for Segments 3 and 4 of the BC Expressway toll project and refunding bonds in early 2027 (the “2027 Refunding Bonds”) to provide long-term financing for certain outstanding BCTRA bonds issued as interim financing in 2024 and debt service savings for certain other outstanding BCTRA bonds.
The County Judge is hereby authorized to sign any document(s) related to BCTRA 2026 New Money Bonds and 2027 Refunding Bonds upon final review by the District Attorney’s Office.
Back up Exhibit A replaced