Topic/Discussion Title:
Title
Consideration for Adoption of a Resolution Acknowledging Certain Previously Adopted Resolutions Authorizing the Issuance and Sale of Not More Than $73,500,000 Aggregate Principal Amount of Sales Tax Revenue and Refunding Bonds; Authorizing a Change to the Method of Sale for Such Bonds; Authorizing Related Documents; and Related Matters
Body
Description: The bonds are already authorized, but the County intends to sell them as a direct purchase instead of market sale. Due to Covid-19 the bond market is dearth of sales tax issuances and based on the current numbers the direct purchase has been determined to be the best option for the County to sell the bonds. The resolution on the 9th will authorized the Mayor’s office to proceed with the direct purchase option and authorize execution of documents in furtherance of the direct purchase.
Requested Action: Approval
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Requesting Staff Member: Craig Wangsgard, Deputy District Attorney
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