Title
A resolution authorizing publication of Notice of Intention to issue Certificates of Obligation, approving the preparation of a preliminary official statement and a notice of sale; and providing for the effective date thereof.
Body
This resolution authorizes publication of a Notice of Intention to issue Combination Tax and Revenue Certificates of Obligation, in one or more series, issued as taxable and/or tax-exempt obligations, in the combined maximum aggregate principal amount not to exceed $61,000,000.00 for the purposes of: paying contractual obligations incurred for the following purposes, to wit: (i) acquisition and installation of City information technology infrastructure and equipment; (ii) designing, engineering, developing, constructing, improving, and repairing, extending and expanding streets, thoroughfares and bridges, including streetscaping, related storm drainage improvements, signalization and other traffic controls, sidewalks, street lights and the acquisition of any right of way therefor; (iii) designing, developing, constructing, improving and renovating City buildings and facilities, including City Hall facilities, service center facilities, police facilities, public safety training facilities, solid waste service facilities, arts facilities, field service facilities, and fire stations (iv) acquisition of equipment and vehicles for City services and departments, including police, neighborhood services, public works, fire, emergency services and building services; and (v) professional services incurred in connection with items (i) through (iv), and to pay the costs incurred in connection with the issuance of the Certificates.
Recommended/Desired Action
Staff recommends approval of the resolution.
Attachment(s)
Resolution
Proposed Bond Projects
Drafter
Cindy L. Smith
Head of Department
Cindy L. Smith