Board of Liquidation, City Debt (New Orleans) public meetings in 2022
15 substantive meetings from 2022, 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 14, 2022 has been canceled because there is no business to address.
- Meeting canceled
Board of Liquidation, City Debt
The Board approved the sale of $45 million in drainage bonds to JP Morgan Chase Bank. It also adopted the 2023 millage levy and the 2023 operating budget. Additionally, the Board approved the 2022 Louisiana Audit Compliance Questionnaire.
- Approved 2023 Millage Levy at 19.5 mills (6-0)
- Approved 2023 Budget with total operating expense of $665,911 (6-0)
- Adopted 2022 Louisiana Audit Compliance Questionnaire Resolution (6-0)
- Accepted JP Morgan Chase Bank bid for $45M Drainage System Limited Tax Bonds at 4.02% interest (6-0)
- Approved supplemental resolution for the issuance and sale of $45M Drainage System Limited Tax Bonds, Series 2022 (6-0)
- Adopted minutes from September 21, 2022, meeting
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will meet to discuss the 2023 Millage Levy and Budget Resolutions. Members will also consider bids for a negotiated sale of up to $45,000,000 in Drainage System Limited Tax Bonds, Series 2022.
- Negotiated sale of up to $45,000,000 of Drainage System Limited Tax Bonds, Series 2022
- Board of Liquidation, City Debt 2023 Millage Levy Resolution
- Board of Liquidation, City Debt 2023 Budget Resolution
- 2022 Louisiana Audit Compliance Questionnaire
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt, originally scheduled for Wednesday, October 19, 2022, has been cancelled. There was no business brought before the Board for this period.
Board of Liquidation, City Debt
The Board authorized the issuance of up to $135 million in General Obligation Refunding Bonds and gave preliminary approval for up to $45 million in Drainage System Limited Tax Bonds. The Board also elected new officers and approved salary increases for staff.
- Elected Ralph Johnson as President (5-0)
- Elected Poco Sloss as Vice President (5-0)
- Approved preliminary issuance of up to $45M in Drainage System Limited Tax Bonds (6-0)
- Selected J.P. Morgan and Loop Capital as Co-Senior Managers and four firms as Co-Managers for refunding bonds (6-0)
- Approved issuance of up to $135M in General Obligation Refunding Bonds, Series 2022 (6-0)
- Approved 5% COLA increase and subsequent salary increases for staff for 2023-2025 (6-0)
- Adopted minutes from July 20, 2022 meeting
Board of Liquidation, City Debt
The Board of Liquidation, City Debt is meeting to consider resolutions for the sale of General Obligation Refunding Bonds and Drainage System Limited Tax Bonds. The board will also discuss salary increases and cost of living adjustments based on the Mayor's recommendation.
- Selection of senior underwriter and co-managers for General Obligation Refunding Bonds not to exceed $135,000,000
- Bond sale resolution for General Obligation Refunding Bonds not to exceed $135,000,000
- Preliminary approval of Drainage System Limited Tax Bonds not exceeding $45,000,000
- Discussion of Service Wide Increases of Salaries and Cost of Living Adjustment
- Consideration of succession of Board Officers
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for August 17, 2022, has been cancelled. The agenda states there was no business to come before the Board.
Board of Liquidation, City Debt
The Board authorized the issuance of up to $135 million in refunding bonds to refinance existing debt for economic savings. The Board also elected its president and vice president for the upcoming term.
- Approved issuance of up to $135,000,000 in General Obligation Refunding Bonds (6-0)
- Elected Mary Zervigon as president (6-0)
- Elected Ralph Johnson as vice president (6-0)
- Adopted minutes of the May 18, 2022 meeting
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will meet to consider a resolution for the issuance of General Obligation Refunding Bonds. The board will also select a President and Vice President from the syndicate membership for the term ending June 30, 2023.
- Proposed issuance of up to $135,000,000 of General Obligation Refunding Bonds
- Election of Board President and Vice President
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for June 15, 2022, has been cancelled. There was no business to come before the Board at this time.
Board of Liquidation, City Debt
The Board of Liquidation, City Debt will consider resolutions for two bond issuances related to sewerage services. The board also plans to select a Vice-President and nominate two members to the Sewerage and Water Board of New Orleans.
- Resolution for up to $15,000,000 Sewerage Service Revenue Bond, Series 2022
- Preliminary resolution for up to $35,000,000 in Sewerage Service Revenue Bonds
- Selection of a Vice-President from the syndicate membership
- Nomination of two syndicate members to the Sewerage and Water Board of New Orleans
- Receipt of auditors' reports for November 2021 through April 2022
The Board approved the issuance of two sets of sewerage service revenue bonds to fund infrastructure. They also elected a new vice president and recommended two members for appointment to the Sewerage and Water Board of New Orleans.
- Approved issuance of up to $15M Sewerage Service Revenue Bond, Series 2022 (5-0)
- Approved preliminary resolution for up to $35M Sewerage Service Revenue Bond (5-0)
- Elected Ralph Johnson as vice president (5-0)
- Recommended Poco Sloss and Carol Markowitz for appointment to the Sewerage & Water Board of New Orleans (5-0)
- Adopted minutes of the November 27, 2021 special meeting
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for April 20, 2022, has been cancelled. The agenda states there was no business to come before the Board.
Board of Liquidation, City Debt
The regular monthly meeting scheduled for March 16, 2022, has been cancelled. The notice states there was no business to come before the Board at this time.
Board of Liquidation, City Debt
The regular monthly meeting of the Board of Liquidation, City Debt scheduled for February 16, 2022 has been cancelled because there is no business to come before the Board.
- Meeting cancelled — no items to consider
Board of Liquidation, City Debt
The regular monthly meeting scheduled for Wednesday, January 19, 2022, has been cancelled. The agenda states there was no business to come before the Board at this time.