SUBJECT:
Consideration and Action regarding Resolution No. 2022-10, Declaring intention to reimburse an amount not to exceed $23,700,000 for certain capital expenditures with proceeds from debt; and placing time restrictions on the issuance of tax-exempt obligations
BACKGROUND/DISCUSSION:
Mr. Andrew Friedman of SAMCO Capital will be present for this item. Resolution No. 2022-10 addresses the reimbursement of capital expenditures related to the Senior Center and Library projects from the proceeds of the proposed bonds.
FINANCIAL IMPACT:
The financial impact will be explained during the discussion of this item.
RECOMMENDATION:
Staff recommends approval. |