lake elsinore
File #: ID# 19-349    Version: 1 Name:
Type: Council Consent Calendar Status: Passed
File created: 9/30/2019 In control: City Council / Successor Agency
On agenda: 10/8/2019 Final action: 10/8/2019
Title: Acquisition of A Debt Service Fund Surety for the Lake Elsinore Recreation Authority (LERA) Lease Revenue Refunding Bonds, Series 2013
Attachments: 1. Surety Acquisition - SR, 2. Surety Acquisition - Exhibit A - Resolution, 3. Surety Acquisition - Exhibit B - Debt Service Reserve Agreement

Title

Acquisition of A Debt Service Fund Surety for the Lake Elsinore Recreation Authority (LERA) Lease Revenue Refunding Bonds, Series 2013

 

Recommended Action

Approve and authorize the City Manager to acquire from Build America Mutual Assurance Company (“BAM”) a Debt Service Reserve Fund Surety for the Lease Revenue Refunding Bonds (Public Facilities Project) Series 2013.