HomeMy Public PortalAboutAB 15-98 Sewer Revenue Bond Refunding UpdateMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 15-98
Meeting Date June 11, 2015
AGENDA ITEM INFORMATION
SUBJECT:
2004A Refunding Bid and 2008B IBBA Refunding Update
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
N/A
Airport
Library
TIMELINE:
N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The purpose of this agenda item is to update the Council on some additional information regarding the refunding of the 2004A and 2008B Sewer Revenue bonds. After a discussion with Bill
Nichols, City Attorney; Cameron Ariel, Zions Bank; and Nick Miller, Bond Counsel; staff learned new information in how the potential City and Payette Lakes Recreational Water and Sewer
District merger would affect the refunding of these bonds.
RECOMMENDED ACTION:
None information only
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
April 23, 2015
Council directed staff to move forward with refunding the 2004A and 2008B Sewer Revenue bonds and authorized the Mayor to sign all necessary documents.
May 28, 2015
Council received an update on the Bond refunding process