5.a.
FPRA Special Meeting - 4:15 p.m.
- Meeting Date:
- 07/19/2021
- Re
- Proposed Resolution Issuing Bond
- Submitted For:
- Nick Mimms
SUBJECT:
Resolution FPRA 21-04 authorizing the issuance of Fort Pierce Redevelopment Agency Redevelopment Revenue Refunding Bonds, Series 2021, in the aggregate principal amount not to exceed $26,000,000, and authorizing the Chair to execute any and all documents necessary.
SUMMARY:
Resolution approving the refinancing of FPRA bonds in order to save the City revenue.
RECOMMENDATION:
Approve proposed Resolution FPRA 21-04
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board
RESPONSIBLE STAFF:
Johnna S. Morris, Director of Finance
COORDINATED WITH:
Peter Sweeney, City Attorney
Linda Cox, City Clerk
Linda Cox, City Clerk
Fiscal Impact
OTHER INFORMATION:
The Director of Finance will explain the fiscal impact.