AUTHORIZING THE ISSUANCE AND SALE OF SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2015, FOR EMRCFD RECOMMENDATION: ADOPT RESOLUTION EMRCFD RES 15-097 AUTHORIZING THE ISSUANCE OF ITS MONTECITO ASSESSMENT DISTRICT NO. 2 SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2015, IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $5,500,000; APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND REGISTRAR, TRANSFER AGENT AND PAYING AGENT CONTRACT, A PURCHASE CONTRACT RELATING TO THE BONDS, A CONTINUING DISCLOSURE UNDERTAKING, A DISSEMINATION AGENCY AGREEMENT AND CERTAIN OTHER DOCUMENTS SECURING THE PAYMENT OF OR RELATING TO THE BONDS; RATIFYING AND APPROVING A PRELIMINARY LIMITED OFFERING MEMORANDUM RELATING TO THE BONDS; APPROVING A FINAL LIMITED OFFERING MEMORANDUM RELATING TO THE BONDS; AWARDING THE BONDS TO THE PURCHASER THEREOF; APPOINTING A REGISTRAR, TRANSFER AGENT AND PAYING AGENT AND DISSEMINATION AGENT FOR THE BONDS; AND TAKING OTHER ACTIONS SECURING THE PAYMENT OF AND RELATING TO THE BONDS. PURPOSE: The Board will consider Resolution No. EMRCFD RES 15-097 authorizing the issuance of Special Assessment Revenue Bonds of Montecito Assessment District No. 2 in an amount not to exceed $5,500,000. (Scott Ruby, Esq. - Gust Rosenfeld P.L.C.)

Committee

Community Facilities District

Introduced

January 13, 2015

On agenda

January 26, 2015

Passed

January 26, 2015