Public Meeting Notice Location:
Goodyear City Hall
190 N. Litchfield Rd.

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File #: 17-6064    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 4/26/2017 In control: City Council Regular Meeting
On agenda: 5/8/2017 Final action:
Title: PUBLIC IMPROVEMENT CORPORATION SUBORDINATE LIEN MUNICIPAL FACILITIES REVENUE BONDS, TAXABLE SERIES 2017 TO FINANCE THE IMPROVEMENT, EXPANSION AND REFURBISHMENT OF CERTAIN BALLPARK FACILITIES AND RELATED FACILITIES
Attachments: 1. Council Action Report, 2. Resolution, 3. Draft Trust Agreement, 4. Draft Agreement, 5. Draft Agency Agreement, 6. Request for Taxable, Fixed-Rate Lending Proposals, 7. Draft Preliminary Official Statement, 8. Draft Purchase Contract, 9. Draft Project Description, 10. Draft Continuing Disclosure Certificate

Title

PUBLIC IMPROVEMENT CORPORATION SUBORDINATE LIEN MUNICIPAL FACILITIES REVENUE BONDS, TAXABLE SERIES 2017 TO FINANCE THE IMPROVEMENT, EXPANSION AND REFURBISHMENT OF CERTAIN BALLPARK FACILITIES AND RELATED FACILITIES  

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PROPOSED ACTION:

ADOPT RESOLUTION 17-1801 APPROVING AN AGREEMENT, A TRUST AGREEMENT, AN AGENCY AGREEMENT, AND RELATED DOCUMENTS PERTAINING TO THE CITY OF GOODYEAR PUBLIC IMPROVEMENT CORPORATION (THE “CORPORATION”); AUTHORIZING THE ISSUANCE OF THE CORPORATION’S SUBORDINATE LIEN MUNICIPAL FACILITIES REVENUE BONDS, TAXABLE SERIES 2017 FOR THE PURPOSE OF EXPANDING AND REFURBISHING THE CITY'S BASEBALL STADIUM FACILITIES; PLEDGING THE CITY'S EXCISE TAXES ON A SUBORDINATE BASIS TOWARD CERTAIN PAYMENTS DUE TO THE CORPORATION UNDER THE AGREEMENT; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND DELEGATING CERTAIN DUTIES AND DECLARING AN EMERGENCY.