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File Number: 14-240 <br />All fees associated with issuing the 2014 Refunding Bonds will be paid from bond proceeds. <br />Current City Council Policy <br />The City Council and Successor Agency must approve municipal debt issues that impact their <br />financial position. <br />Summary of Public Outreach Efforts <br />The meeting was properly noticed in accordance with California law. <br />Legal Analysis <br />The bond documents listed above have been reviewed and approved by the City’s Bond <br />Counsel and City Attorney , which they believe represent legal documents in substantially final <br />form. <br />Fiscal Impact <br />The par value of the Refunding Bonds will not exceed $14,000,000 and they will mature in <br />2034. The Refunding Bonds will have an average interest cost of less than 5% and average <br />annual debt service on the Refunding Bonds will be approximately $1,000,000. Annual debt <br />service on the Refunding Bonds will not exceed the combined annual debt service currently <br />payable on the outstanding 2002 and 2004 TABs. <br />Budget Authority <br />City of San Leandro Charter <br />ATTACHMENTS <br />·Indenture of Trust <br />·Bond Purchase Agreement <br />·Irrevocable Refunding Instructions (2002 TABs) <br />·Irrevocable Refunding Instructions (2004 TABs) <br />PREPARED BY: David Baum, Finance Director, Finance Department <br />Page 4 City of San Leandro Printed on 6/10/2014