lake elsinore
File #: RES 2019-46    Version: 1 Name:
Type: Council Resolution Status: Approval Final
File created: 12/4/2019 In control: City Council / Successor Agency
On agenda: 12/10/2019 Final action:
Title: Community Facilities District No. 2005-2 (Alberhill Ranch), Authorizing the Issuance of its Improvement Area A 2019 Special Tax Refunding Bonds and Lake Elsinore Public Financing Authority Authorizing the Issuance of its Local Agency Revenue Refunding Bonds
Attachments: 1. CFD 2005-2 (Alberhill Ranch) - SR, 2. CFD 2005-2 (Alberhill Ranch) - Exhibit A Good Faith Estimates, 3. CFD 2005-2 (Alberhill Ranch)- Exhibit B City Council Resolution of Issuance, 4. CFD 2005-2 (Alberhill Ranch)- Exhibit C PFA Resolution of Issuance, 5. CFD 2005-2 (Alberhill Ranch)- Exhibit D First Supplement to Bond Indenture, 6. CFD 2005-2 (Alberhill Ranch)- Exhibit E First Supplement Authority Indenture, 7. CFD 2005-2 (Alberhill Ranch)- Exhibit F Local Obligations Purchase Agreement, 8. CFD 2005-2 (Alberhill Ranch)- Exhibit G Escrow Agreement

Title

Community Facilities District No. 2005-2 (Alberhill Ranch), Authorizing the Issuance of its Improvement Area A 2019 Special Tax Refunding Bonds and Lake Elsinore Public Financing Authority Authorizing the Issuance of its Local Agency Revenue Refunding Bonds

 

Recommended Action

1. City Council adopt a RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, ACTING AS THE LEGISLATIVE BODY OF CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2005-2 (ALBERHILL RANCH), AUTHORIZING THE ISSUANCE OF ITS IMPROVEMENT AREA A 2019 SPECIAL TAX REFUNDING BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,000) AND APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH; and

 

2. Public Financing Authority adopt a RESOLUTION OF THE BOARD OF DIRECTORS OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY, RIVERSIDE COUNTY, CALIFORNIA, AUTHORIZING THE ISSUANCE OF ITS LOCAL AGENCY REVENUE REFUNDING BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,000) AND APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH.