Item Coversheet
CITY OF PEORIA, ARIZONA
COUNCIL COMMUNICATION
 
Agenda Item: 5R. 


Date Prepared:  5/30/2024 Council Meeting Date: 6/11/2024

TO:Mike Faust, District Manager 
THROUGH:
Kevin Burke, Deputy District Manager 
FROM:  Sean Kindell, District Chief Financial Officer 
SUBJECT:
Feasibility Report and Sale and Issuance of General Obligation Bonds, Series 2024 and Levy Ad Valorem Property Tax with Respect to such Bonds 

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.

ATTACHMENTS:
Description
RES VNCFD 2024-04
Preliminary Official Statement
Tax Compliance Procedures
Continuing Disclosure Compliance Procedures
Indenture Agreement
Standby Contribution Agreement
LOC Depository Agreement
Bond Purchase Agreement