Legislation Details

File #: EMRCFD 2018-556    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/29/2017 In control: Community Facilities District
On agenda: 1/8/2018 Final action: 1/8/2018
Title: AUTHORIZATION FOR REFUNDING OF ESTRELLA MOUNTAIN RANCH CFD (GOLF VILLAGE ASSESSMENT DISTRICT NO. 2) SAD BONDS, SERIES 2018
Attachments: 1. CFD Board Action Report, 2. Resolution, 3. DRAFT Bond Registrar, Transfer Agent and Paying Agent Contract, 4. DRAFT Bank Purchase Contract, 5. DRAFT Depository Trust Agreement, 6. DRAFT Placement Agent Agreement- EMR Golf Rfdg 2018, 7. DRAFT Bond Purchase Agreement, 8. DRAFT Continuing Disclosure Undertaking, 9. DRAFT Preliminary Official Statement, 10. Presentation

Title

AUTHORIZATION FOR REFUNDING OF ESTRELLA MOUNTAIN RANCH CFD (GOLF VILLAGE ASSESSMENT DISTRICT NO. 2) SAD BONDS, SERIES 2018

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PROPOSED ACTION:

ADOPT RESOLUTION EMRCFD RES 2018-112 AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF ITS SPECIAL ASSESSMENT REVENUE REFUNDING BONDS (GOLF VILLAGE ASSESSMENT DISTRICT NO. 2), SERIES 2018, IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $5,250,000, AND NOT TO EXCEED $500,000 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)