Legislation Details

File #: CFUD#1 13-385    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 CFUD#1 RECOMMENDATION: ADOPT RESOLUTION CFUD#1 RES 13-085 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 CFUD#1 RES 13-085, which approves the form of 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, 6. CFD Staff Presentation
TITLE
AUTHORIZE FIRST AMENDMENTS TO A SUBSTITUTE COLLATERAL AGREEMENT, ADDITIONAL STANDBY CONTRIBUTION AGREEMENT AND DEPOSITORY AGREEMENT FOR CFUD#1
RECOMMENDATION:
ADOPT RESOLUTION CFUD#1 RES 13-085 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 CFUD#1 RES 13-085, which approves the form of multiple contract amendments required in connection with the issuance and sale of general obligation refunding bonds by the CFGD#1. (Larry Lange, District Treasurer)