Legislation Details

File #: EMRCFD 2018-595    Version: 1 Name:
Type: Resolution Status: Passed
File created: 10/23/2018 In control: Community Facilities District
On agenda: 11/5/2018 Final action: 11/5/2018
Title: APPROVE THE ISSUANCE AND SALE OF LUCERO ASSESSMENT DISTRICT NO. 1 SPECIAL ASSESSMENT REVENUE BONDS AND SUPPLEMENTAL BUDGET APPROPRIATION PROPOSED ACTION: ADOPT RESOLUTION EMRCFD RES 2018-124 AUTHORIZING THE ISSUANCE OF ITS LUCERO ASSESSMENT DISTRICT NO. 1 SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2018, IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $6,913,000; APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND REGISTRAR, TRANSFER AGENT AND PAYING AGENT CONTRACT, A PURCHASE CONTRACT RELATING TO THE BONDS, A CONTINUING DISCLOSURE UNDERTAKING, AND CERTAIN OTHER DOCUMENTS SECURING THE PAYMENT OF OR RELATING TO THE BONDS; RATIFYING AND APPROVING A PRELIMINARY OFFICIAL STATEMENT RELATING TO THE BONDS; APPROVING A FINAL OFFICIAL STATEMENT RELATING TO THE BONDS; AWARDING THE BONDS TO THE PURCHASER THEREOF; APPOINTING A REGISTRAR, TRANSFER AGENT AND PAYING AGENT FOR THE BONDS; TAKING OTHER ACTIONS SECURING THE PAYMENT OF AND RELATING TO THE BONDS; AND APPROVING A SUPPLEM...
Attachments: 1. CFD Board Action Report, 2. Resolution, 3. DRAFT Bond Registrar, Transfer Agent and Paying Agent Contract, 4. DRAFT Bond Purchase Agreement, 5. DRAFT Continuing Disclosure Undertaking, 6. DRAFT Preliminary Official Statement

Title

APPROVE THE ISSUANCE AND SALE OF LUCERO ASSESSMENT DISTRICT NO. 1 SPECIAL ASSESSMENT REVENUE BONDS AND SUPPLEMENTAL BUDGET APPROPRIATION

PROPOSED ACTION:

ADOPT RESOLUTION EMRCFD RES 2018-124 AUTHORIZING THE ISSUANCE OF ITS LUCERO ASSESSMENT DISTRICT NO. 1 SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2018, IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $6,913,000; APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND REGISTRAR, TRANSFER AGENT AND PAYING AGENT CONTRACT, A PURCHASE CONTRACT RELATING TO THE BONDS, A CONTINUING DISCLOSURE UNDERTAKING, AND CERTAIN OTHER DOCUMENTS SECURING THE PAYMENT OF OR RELATING TO THE BONDS; RATIFYING AND APPROVING A PRELIMINARY OFFICIAL STATEMENT RELATING TO THE BONDS; APPROVING A FINAL OFFICIAL STATEMENT RELATING TO THE BONDS; AWARDING THE BONDS TO THE PURCHASER THEREOF; APPOINTING A REGISTRAR, TRANSFER AGENT AND PAYING AGENT FOR THE BONDS; TAKING OTHER ACTIONS SECURING THE PAYMENT OF AND RELATING TO THE BONDS; AND APPROVING A SUPPLEMENTAL BUDGET APPROPRIATION RELATED TO THE EXPENDITURE OF THE PROCEEDS OF THE BONDS. (Doug Sandstrom, District Treasurer)