CFGD#1 13-383
AUTHORIZE THE ISSUANCE AND SALE OF CFGD#1 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2013 RECOMMENDATION: ADOPT RESOLUTION CFGD#1 RES 13-162 AUTHORIZING THE ISSUANCE AND SALE OF ITS DISTRICT GENERAL OBLIGATION REFUNDING BONDS, SERIES 2013 IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $11,595,000; DELEGATING THE AUTHORITY TO APPROVE CERTAIN MATTERS WITH RESPECT TO THE BONDS AND THE BONDS BEING REFUNDED; PROVIDING FOR THE ANNUAL LEVY OF A TAX FOR THE PAYMENT OF THE BONDS; AUTHORIZING THE APPOINTMENT OF A REGISTRAR, TRANSFER AGENT AND PAYING AGENT; APPROVING THE FORM OF THE BONDS AND CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; APPROVING THE SALE OF THE BONDS TO THE PURCHASER THEREOF; AND RATIFYING ALL ACTIONS TAKEN OR TO BE TAKEN TO FURTHER THIS RESOLUTION. PURPOSE: District Board will consider Resolution CFGD#1 RES 13-162, which authorizes the issuance and sale of District refunding bonds for the purpose decreasing the District’s debt service under its outstanding general obligation debt. Also, Resolution CFGD#1 RES 13-162 approves, in substantially the forms presented, various documents relating to the issuance and administration of the bonds after issuance. (Larry Lange, District Treasurer)
- Committee
- Community Facilities District
- Introduced
- May 14, 2013
- On agenda
- May 20, 2013
- Passed
- May 20, 2013
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