Title:
Title
Authorize the Issuance of the Curtis Park Village Community Facilities District No. 2014-02 (Improvements) Special Tax Bonds, Series 2019
End
FileID
File ID: 2019-00670
Location
Location: District 5
Recommendation:
Recommendation
Adopt a Resolution authorizing: 1) the issuance of the City of Sacramento Curtis Park Village Community Facilities District No. 2014-02 (Improvements) Special Tax Bonds, Series 2019; 2) the execution and delivery of a Master Indenture, a First Supplemental Indenture, a Bond Purchase Contract, an Official Statement, a Continuing Disclosure Certificate, and an Agreement for Bond Counsel Services; and 3) certain other related actions.
Contact: Brian Wong, Debt Manager, (916) 808-5811, Office of the City Treasurer
Body
Presenter: Brian Wong, Debt Manager, (916) 808-5811, Office of the City Treasurer
Attachments:
01-Description/Analysis
02-Resolution
03-Master Indenture
04-First Supplemental Indenture
05-Bond Purchase Contract
06-Preliminary Official Statement
07-Continuing Disclosure Certificate
08-Appraisal completed by Smith and Associates, Inc.
09-Update Appraisal Report completed by Smith and Associates, Inc.
10- Agreement for Bond-Counsel Services
Description/Analysis
Issue Detail: The adoption of the recommended resolution will authorize the issuance of the City of Sacramento Curtis Park Village Community Facilities District No. 2014-02 (Improvements) Special Tax Bonds, Series 2019 (the Bonds) and the execution and delivery of related documents. The Bonds will be used to finance the acquisition of certain public facilities and to pay or reimburse certain governmental fees for public facilities.
On June 24, 2014, the City Council formed the Curtis Park Village Community Facilities District No. 2014-02 (Improvements) (the CFD). On July 25, 2014, the qualified electors within the CFD authorized the issuance of special-tax bonds in the total principal amount of $13 million dollars.
On May 1, 2017, t...
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