Legislation Details

File #: CFGD#1 13-383    Version: 1 Name:
Type: Resolution Status: Passed
File created: 5/14/2013 In control: Community Facilities District
On agenda: 5/20/2013 Final action: 5/20/2013
Title: 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...
Attachments: 1. Staff Report, 2. Resolution, 3. Purchase Contract, 4. Registrar Contract, 5. Continuing Disclosure Undertaking, 6. Preliminary Official Statement, 7. First Amendment to Additional Standby Contribution Agreement, 8. First Amendment to Substitute Collateral Agreement, 9. First Amendment to Depository Agreement
TITLE
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)