File #: 20-325   
Type: Consent Calendar Status: Agenda Ready
In control: City Council - Successor Agency - Housing Authority
On agenda: 5/19/2020 Final action:
Title: 2020 TAX ALLOCATION REFUNDING BONDS PRIMARY FINANCING TEAM SELECTION
Attachments: 1. 051920 AS 2020 Bonds Financing Team Agenda Report, 2. 051920 AS 2020 Bonds Financing Team Resolution, 3. 051920 AS 2020 Bonds Financing Team SYCR Engagement Letter, 4. 051920 AS 2020 Bonds Financing Team Jones Hall Engagement Letter, 5. 051920 AS 2020 Bonds Financing Team Urban Futures Engagement Letter

Title

2020 TAX ALLOCATION REFUNDING BONDS PRIMARY FINANCING TEAM SELECTION

Recommendation

Recommendation:

 

1.                      Direct Staff to initiate issuing 2020 Bonds for the purpose of refunding City of Fullerton Public Financing Authority 2005 TARBs.

 

2.                      Authorize Staff to engage services with additional primary financing team: Stradling Yocca Carlson & Rauth to serve as Bond Counsel, Jones Hall as Disclosure Counsel, Urban Futures Inc. as Fiscal Consultant and Stifel as Underwriter (or, in the event of a private placement, Placement Agent).

 

3.                     Adopt Resolution No. SA 2020-XX.

 

                     RESOLUTION NO. SA 2020-XX - A RESOLUTION OF THE SUCCESSOR AGENCY OF THE CITY OF FULLERTON, CALIFORNIA, APPROVING THE FINANCING TEAM IN CONNECTION WITH THE ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING BONDS AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH