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Meeting Date:
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Category:
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Type:
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Subject:
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15.9 Resolution authorizing Issuance of Refunding Bonds for Measure A Community Facility District # 1. |
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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File Attachment:
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Summary:
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The District's financial estimate that a refunding of the Series 2002 Measure A Community Facility District #1 Bonds in today's low interest rate environment can create a net present value savings. This approval will be conditional upon net present value savings of at least 3%. |
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Funding:
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Measure A, Bond Interest and Redemption, Fund 52. |
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Fiscal Impact: |
This item will result in a present value savings of at least 3%. |
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Recommendation
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Adoption of resolution authorizing the Superintendent and Chief Financial Officer to coordinate issuance of refunding bonds for Measure A, Series 2002, if savings of at least 3% will be achieved. |
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Approvals:
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Recommended By: |
Signed By: |
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Bryan Richards - Chief Financial Officer |
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Signed By: |
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Greg Rolen, Esq. - General Counsel |
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Signed By: |
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Steven Lawrence - Superintendent |
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Vote Results:
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Original Motion | Member Linda Mayo Moved, Member Sherry Whitmarsh seconded to approve the Original motion 'Adoption of resolution authorizing the Superintendent and Chief Financial Officer to coordinate issuance of refunding bonds for Measure C, Series 2002.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | The motion Carried 5 - 0 | | | Gary Eberhart | Yes | Linda Mayo | Yes | Lynne Dennler | Yes | Sherry Whitmarsh | Yes | Cheryl Hansen | Yes | |
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