Legislation Details

File #: PVCFD#3 13-384    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 FIRST AMENDMENTS TO A SUBSTITUTE COLLATERAL AGREEMENT, ADDITIONAL STANDBY CONTRIBUTION AGREEMENT AND DEPOSITORY AGREEMENT FOR PVCFD#3 RECOMMENDATION: ADOPT RESOLUTION PVCFD#3 RES 13-036 AUTHORIZING A FIRST AMENDMENT TO SUBSTITUTE COLLATERAL AGREEMENT, FIRST AMENDMENT TO ADDITIONAL STANDBY CONTRIBUTION AGREEMENT AND FIRST AMENDMENT TO DEPOSITORY; APPROVING THE FORM OF SUCH DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AND RATIFYING ALL ACTIONS TAKEN OR TO BE TAKEN TO FURTHER THIS RESOLUTION. PURPOSE: District Board will consider Resolution PVCFD#3 RES 13-036, which approves the form multiple contract amendments required in connection with the issuance and sale of general obligation refunding bonds by the CFGD#1. (Larry Lange, District Treasurer)
Attachments: 1. Staff Report, 2. Resolution, 3. First Amendment to Additional Standby Contribution Agreement, 4. First Amendment to Substitute Collateral Agreement, 5. First Amendment to Depository Agreement
TITLE
AUTHORIZE FIRST AMENDMENTS TO A SUBSTITUTE COLLATERAL AGREEMENT, ADDITIONAL STANDBY CONTRIBUTION AGREEMENT AND DEPOSITORY AGREEMENT FOR PVCFD#3  
RECOMMENDATION:
ADOPT RESOLUTION PVCFD#3 RES 13-036 AUTHORIZING A FIRST AMENDMENT TO SUBSTITUTE COLLATERAL AGREEMENT, FIRST AMENDMENT TO ADDITIONAL STANDBY CONTRIBUTION AGREEMENT AND FIRST AMENDMENT TO DEPOSITORY; APPROVING THE FORM OF SUCH DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AND RATIFYING ALL ACTIONS TAKEN OR TO BE TAKEN TO FURTHER THIS RESOLUTION.
 
PURPOSE:
District Board will consider Resolution PVCFD#3 RES 13-036, which approves the form multiple contract amendments required in connection with the issuance and sale of general obligation refunding bonds by the CFGD#1. (Larry Lange, District Treasurer)