Agenda Item # 12.a.
City Commission Regular Meeting
- Meeting Date:
- 02/16/2016
- Re
- Stormwater Revenue Refunding Note
- Submitted For:
- Linda Cox
SUBJECT:
Resolution 16-R04 Accepting the proposal of Capital One Public Funding, LLC to purchase the City's $13,745,000 Stormwater Revenue Refunding Note and authorizing the execution and delivery of a Loan Agreement.
SUMMARY:
Resolution authorizing the refinancing of the City's Stormwater Revenue Bonds.
RECOMMENDATION:
Approve Resolution 16-R04
ALTERNATIVES:
n/a
RESPONSIBLE STAFF:
Robert Schwerer, City Attorney
COORDINATED WITH:
Linda W. Cox, City Clerk
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
The refunding will result in a $98,903 saving in bond payments.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Jennifer Robinson | 02/09/2016 02:32 PM |
| Finance Department | Johnna Morris | 02/09/2016 03:24 PM |
| City Manager | Nick Mimms | 02/09/2016 05:39 PM |
- Form Started By:
- Linda Cox
- Started On:
- 02/09/2016 10:56 AM
- Final Approval Date:
- 02/10/2016