File #: 19-775    Version: 2 Name:
Type: Discussion/Action Item Status: Agenda Ready
File created: 10/30/2019 In control: City Council
On agenda: 11/12/2019 Final action:
Title: Approval of City of Hercules Assessment District No. 2005-1 (John Muir Parkway) Limited Obligation Improvement Bonds Refinancing and Related Actions Recommendation: 1. Adopt a Resolution of the City Council of the City of Hercules declaring its intention to levy reassessments and to issue refunding bonds; and 2. Adopt a Resolution of the City Council of the City of Hercules authorizing the issuance of refunding bonds and approving and authorizing related documents and actions; and 3. Adopt a Resolution of the City Council of the City of Hercules adopting a reassessment report, confirming and ordering the reassessment by summary proceedings, and authorizing and directing related actions.
Attachments: 1. Staff Report - AD 2005-1 Refunding, 2. Attachment 1 - Good Faith Estimates, 3. Attachment 2 - Resolution Declaring its Intention to Levy Reassessments and to Issue Refunding Bonds, 4. Attachment 3 - Resolution Authorizing the Issuance of Refunding Bonds and Approving and Authorizing Related Documents and Actions, 5. Attachment 4 - Resolution Adopting a Reassessment Report, Confirming and Ordering the Reassessment by Summary Proceedings and Authorizing and Directing Related Actions, 6. Attachment 5 - Fiscal Agent Agreement, 7. Attachment 6 - Escrow Agreement, 8. Attachment 7 - Placement Agent Agreement, 9. Attachment 8 - Purchaser’s Term Sheet, 10. Attachment 9 - Reassessment Engineer’s Report

Title

Approval of City of Hercules Assessment District No. 2005-1 (John Muir Parkway) Limited Obligation Improvement Bonds Refinancing and Related Actions

Recommendation:

1. Adopt a Resolution of the City Council of the City of Hercules declaring its intention to levy reassessments and to issue refunding bonds; and

2. Adopt a Resolution of the City Council of the City of Hercules authorizing the issuance of refunding bonds and approving and authorizing related documents and actions; and

3. Adopt a Resolution of the City Council of the City of Hercules adopting a reassessment report, confirming and ordering the reassessment by summary proceedings, and authorizing and directing related actions.