| | | | | | | | Council Communication
Department: Finance
Case/Project No.:
Submitted by: Finance Department | Resolution 19-252
ITEM 6.C. | Council Action: 11/4/2019 |
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| | | | | | | | Description
Resolution directing the advertisement for sale of $7,630,000 (dollar amount subject to change) General Obligation Bonds, Series 2019, and approving electronic bidding procedures and Official Statement. |
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| | | | | | | | Background/Discussion
The General Obligation Bonds previously approved for FY20 CIP via Public Hearing, shall be combined for the purpose of issuance in a single issuance of $7,630,000 (dollar amount subject to change). In conjunction with PFM Financial Advisors LLC, the City has caused an Official Statement to be prepared outlining the details of the proposed sale of Bonds as well as to receive bids to purchase such Bonds by means of both sealed and electronic internet communication. |
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| | | | | | | | Recommendation
Approval of this resolution. |
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