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Meeting Date:
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Category:
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Type:
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Subject:
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18.6 Resolution No. 15/16-Authorizing the Issuance of a Series of Special Tax Refunding Bonds |
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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File Attachment:
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Summary:
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Resolution No. 15/16-37 to Authorize Issuance of Special Tax Refunding Bonds:
By adopting Resolution No. 15/16-37, the Board will authorize (a) the issuance of special tax refunding bonds (the “Special Tax Refunding Bonds”) for the purpose of refunding the District’s two outstanding series of special tax bonds previously issued for Community Facilities District No. 1 in 2005 and 2006, subject to the Refunding Bonds meeting certain parameters and achieving debt service savings as a result of the refunding of the prior bonds and (b) execution and delivery of the following documents, drafts of which are attached to this docket item: Fiscal Agent Agreement; Escrow Agreement; Bond Purchase Agreement; and Preliminary Official Statement. |
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Funding:
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Recommendation
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Approve Resolution No. 15/16-37 authorizing the issuance of a series of Special Tax Refunding Bonds. |
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Approvals:
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Recommended By: |
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Signed By: |
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Debbie Maher - Sr. Administrative Executive Assistant to the Superintendent |
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Signed By: |
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Donald A. Velez - General Counsel |
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Signed By: |
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Dr. Nellie Meyer - Superintendent |
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Vote Results:
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| New Motion | | Member Barbara Oaks Moved, Member Brian Lawrence seconded to approve the New motion 'Approve Resolution No. 15/16-37 authorizing the issuance of a series of Special Tax Refunding Bonds for the 2005 and 2006 Measures.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Linda Mayo | Yes | | Cheryl Hansen | Yes | | Brian Lawrence | Yes | | Barbara Oaks | Yes | | Debra Mason | Yes | |
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