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

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File #: CFUD#1 2018-560    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/6/2018 In control: Community Facilities District
On agenda: 2/26/2018 Final action: 2/26/2018
Title: AUTHORIZING THE DEFEASANCE OF A PORTION OF THE COMMUNITY FACILITIES UTILITIES DISTRICT NO. 1 G. O. REFUNDING BONDS, SERIES 2014
Attachments: 1. CFUD#1 Board Action Report, 2. Resolution, 3. Draft Depository Trust Agreement

Title

AUTHORIZING THE DEFEASANCE OF A PORTION OF THE COMMUNITY FACILITIES UTILITIES DISTRICT NO. 1 G. O. REFUNDING BONDS, SERIES 2014

Body

PROPOSED ACTION:

ADOPT RESOLUTION CFUD#1 RES 2018-104 AUTHORIZING AND PROVIDING FOR THE DISTRICT TREASURER OR DESIGNEE TO TRANSFER DISTRICT FUNDS TO AN IRREVOCABLE TRUST FUND TO BE USED TO DEFEASE A PORTION OF THE OUTSTANDING COMMUNITY FACILITIES UTILITIES DISTRICT NO. 1 (CITY OF GOODYEAR, ARIZONA) DISTRICT GENERAL OBLIGATION REFUNDING BONDS, SERIES 2014; AUTHORIZING THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING OF SECURITIES AND MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING IN SUBSTANCE THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY FOR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Doug Sandstrom, District Treasurer)