File #: 20-519   
Type: Regular Business Status: Agenda Ready
In control: City Council - Successor Agency - Housing Authority
On agenda: 7/7/2020 Final action:
Title: ISSUANCE AND SALE OF 2020 TAX ALLOCATION REFUNDING BONDS AND APPROVING NECESSARY DOCUMENTS IN CONNECTION THEREWITH
Attachments: 1. 070720 AS 2020 TARBs Agenda Report, 2. 070720 AS 2020 TARBs Presentation, 3. 070720 AS 2020 TARBs SA Resolution, 4. 070720 AS 2020 TARBs FPFA Resolution, 5. 070720 AS 2020 TARBs Savings Memorandum, 6. 070720 AS 2020 TARBs First Supplemental Indenture of Trust, 7. 070720 AS 2020 TARBs Escrow Agreement, 8. 070720 AS 2020 TARBs Bond Purchase Agreement, 9. 070720 AS 2020 TARBs Preliminary Official Statement, 10. 070720 AS 2020 TARBs Continuing Disclosure Certificate

Title

ISSUANCE AND SALE OF 2020 TAX ALLOCATION REFUNDING BONDS AND APPROVING NECESSARY DOCUMENTS IN CONNECTION THEREWITH

Summary

A proposed resolution of the Successor Agency to the Fullerton Redevelopment Agency  to authorize the issuance and sale of Tax Allocation Refunding Bonds, Series 2020 A & B (collectively 2020 Bonds) and approve necessary documents and authorizing certain other actions in connection therewith, and a proposed resolution of the Fullerton Public Financing Authority authorizing the execution of an Escrow Agreement for City Council consideration.

 

Recommendation

Recommendation:

 

Adopt the following resolutions:

 

RESOLUTION NO. SA 2020-XX - A RESOLUTION OF THE SUCCESSOR AGENCY OF THE CITY OF FULLERTON, CALIFORNIA, AUTHORIZING THE ISSUANCE AND SALE OF 2020 TAX ALLOCATION REFUNDING BONDS AND APPROVING THE FORM OF A FIRST SUPPLEMENTAL INDENTURE OF TRUST, AN ESCROW AGREEMENT (2005 AND 2010 BONDS), A BOND PURCHASE AGREEMENT, A CONTINUING DISCLOSURE CERTIFICATE AND A PRELIMINARY OFFICIAL STATEMENT AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH

 

RESOLUTION NO. FPFA-XX - A RESOLUTION OF THE CITY OF FULLERTON PUBLIC FINANCING AUTHORITY APPROVING THE EXECUTION OF AN ESCROW AGREEMENT IN CONNECTION WITH THE ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING BONDS AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH