AUTHORIZATION FOR REFUNDING OF ESTRELLA MOUNTAIN RANCH CFD (DESERT VILLAGE ASSESSMENT DISTRICT) SAD BONDS, SERIES 2018 PROPOSED ACTION: ADOPT RESOLUTION EMRCFD RES 2018-113 AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF ITS SPECIAL ASSESSMENT REVENUE REFUNDING BONDS (DESERT VILLAGE ASSESSMENT DISTRICT), SERIES 2018, IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $2,500,000, AND NOT TO EXCEED $400,000 PAYMENT AMOUNT OF CERTIFICATES OF OWNERSHIP OF SUPPLEMENTAL INTEREST PAYMENTS; DELEGATING AUTHORITY TO THE DISTRICT TREASURER TO DETERMINE THE METHOD OF SALE OF THE BONDS AND CERTIFICATES; APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A PURCHASE CONTRACT RELATING TO THE BONDS AND CERTIFICATES, A BOND REGISTRAR, TRANSFER AGENT AND PAYING AGENT CONTRACT, A DEPOSITORY TRUST AGREEMENT AND CERTAIN OTHER DOCUMENTS RELATING TO AND SECURING THE PAYMENT OF THE BONDS AND CERTIFICATES; AWARDING THE BONDS AND CERTIFICATES TO THE PURCHASER THEREOF; AS APPLICABLE RATIFYING AND APPROVING THE FORM OF A PRELIMINARY OFFICIAL STATEMENT RELATING TO THE BONDS AND CERTIFICATES; AS APPLICABLE AUTHORIZING THE PREPARATION OF A FINAL OFFICIAL STATEMENT RELATING TO THE BONDS AND CERTIFICATES; APPROVING THE ASSESSMENTS ON THE ASSESSED PROPERTY IN THE DISTRICT FOR THE PAYMENT OF THE BONDS AND CERTIFICATES; AND AUTHORIZING THE TAKING OF OTHER ACTIONS RELATING TO THE BONDS AND CERTIFICATES. (Doug Sandstrom, District Treasurer)

Committee

Community Facilities District

Introduced

December 29, 2017

On agenda

January 8, 2018

Passed

January 8, 2018