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