File #: 20-0291    Version: 1 Name: Resolution on sale of bonds
Type: Resolution Status: Passed
File created: 10/6/2020 In control: City Council
On agenda: 10/13/2020 Final action: 10/13/2020
Title: Consideration of the adoption of a resolution authorizing the issuance of Tax-Exempt Series 2020A1 General Obligation Refunding Bonds, Tax-Exempt Series 2020A2 General Obligation Improvement Bonds, Taxable Series 2020B General Obligation Refunding Bonds, Tax-Exempt Series 2020C Water and Sewer Revenue Refunding and Improvement Bonds, and Taxable Series 2020D Water and Sewer Revenue Improvement Bonds In the Aggregate Principal Amount of Not In Excess of Forty-Eight Million Six Hundred Eighty-Five Thousand Dollars ($48,685,000)
Sponsors: Finance Department
Attachments: 1. Series 2020 Detailed Bond Resolution

Title

Consideration of the adoption of a resolution authorizing the issuance of Tax-Exempt Series 2020A1 General Obligation Refunding Bonds, Tax-Exempt Series 2020A2 General Obligation Improvement Bonds, Taxable Series 2020B General Obligation Refunding Bonds, Tax-Exempt Series 2020C Water and Sewer Revenue Refunding and Improvement Bonds, and Taxable Series 2020D Water and Sewer Revenue Improvement Bonds In the Aggregate Principal Amount of Not In Excess of Forty-Eight Million Six Hundred Eighty-Five Thousand Dollars ($48,685,000)

 

Body

SUMMARY: Following passage and advertising of the initial bond resolution, the final bond resolution must be adopted to refund the bonds. 

 

BUDGET ACCOUNT:

 

Recommended Action

NECESSARY COUNCIL ACTION: Approve resolution