| | | | | | | | CITY OF PEORIA, ARIZONA COUNCIL COMMUNICATION | Agenda Item: 5R. |
| Date Prepared: 5/30/2024 | Council Meeting Date: 6/11/2024 |
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| | | | | | | | | TO: | Mike Faust, District Manager
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| | | | | | | | THROUGH:
| Kevin Burke, Deputy District Manager |
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| | | | | | | | | FROM:
| Sean Kindell, District Chief Financial Officer
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| | | | | | | | SUBJECT:
| Feasibility Report and Sale and Issuance of General Obligation Bonds, Series 2024 and Levy Ad Valorem Property Tax with Respect to such Bonds |
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| | | | | | | | Purpose:
Discussion and possible action to adopt RES. VNCFD 2024-04 a) authorizing the sale and issuance of not to exceed $6,000,000 aggregate principal amount of General Obligation Bonds, series 2024; b) approving the form and authorizing the execution and delivery of necessary agreements, instruments and documents relating to the bonds, delegating the determination of certain terms of the bonds and matters related thereto to the District Chief Financial Officer; c) authorizing the levying of an ad valorem property tax with respect to the bonds; d) adopting post-issuance tax compliance and continuing disclosure compliance procedures; and e) authorizing the taking of all other actions necessary to the consummation of the transactions contemplated by the Resolution. |
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