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Goodyear City Hall
190 N. Litchfield Rd.

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File #: 2020-6876    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/13/2020 In control: City Council Regular Meeting
On agenda: 2/24/2020 Final action: 2/24/2020
Title: ORDERING THE SALE OF THE CITY OF GOODYEAR, ARIZONA, SUBORDINATE LIEN WATER AND SEWER REVENUE OBLIGATIONS, REFUNDING SERIES 2020
Attachments: 1. Council Action Report, 2. Resolution, 3. Continuing Disclosure Certificate, 4. Trust Agreement, 5. Refunding Agreement, 6. Depository Trust Agreement, 7. Obligation Purchase Agreement, 8. Preliminary Official Statement, 9. Presentation

Title

ORDERING THE SALE OF THE CITY OF GOODYEAR, ARIZONA, SUBORDINATE LIEN WATER AND SEWER REVENUE OBLIGATIONS, REFUNDING SERIES 2020

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RECOMMENDATION:

ADOPT RESOLUTION NO. 2020-2030 SIXTH SUPPLEMENTAL RESOLUTION SUPPLEMENTING AND AMENDING THE CITY OF GOODYEAR, ARIZONA, RESOLUTION NO. 99-662, DATED JANUARY 25, 1999, AS THEREAFTER AMENDED AND SUPPLEMENTED, (WHICH AUTHORIZES THE INCURRENCE OF WATER AND SEWER REVENUE REFUNDING AND IMPROVEMENT INDEBTEDNESS); AUTHORIZING THE EXECUTION AND DELIVERY OF CITY OF GOODYEAR, ARIZONA SUBORDINATE LIEN WATER AND SEWER REVENUE OBLIGATIONS, REFUNDING SERIES 2020, AND THE SALE THEREOF TO THE PURCHASER THEREOF; PRESCRIBING THE FORM AND OTHER DETAILS OF THE REFUNDING SERIES 2020 OBLIGATIONS; PROVIDING THAT SUCH REFUNDING SERIES 2020 OBLIGATIONS SHALL BE SUBORDINATE OBLIGATIONS AS DEFINED IN RESOLUTION NO. 99-662, AS AMENDED AND SUPPLEMENTED; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF A TRUST AGREEMENT, AN AGREEMENT, AN OBLIGATION PURCHASE CONTRACT, A DEPOSITORY TRUST AGREEMENT, A CONTINUING DISCLOSURE CERTIFICATE, AN OFFICIAL STATEMENT AND FORMS OF RELATED DOCUMENTS; DELEGATING CERTAIN AUTHORITY TO THE FINANCE DIRECTOR AND OTHER OFFICERS OF THE CITY; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS SIXTH SUPPLEMENTAL RESOLUTION; AND DECLARING AN EMERGENCY. (Jared Askelson, Finance Manager)