HomeMy Public PortalAboutAB 17-184 Sewer Annexation Closing DocsMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-184
Meeting Date August 24, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Request Approval of Closing documents to include Deeds and a Bill of Sale for the Sewer Annexation
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Originator
Clerk
Treasurer
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 City has constructed and currently maintains a wastewater treatment plant, water reuse system, and wastewater collection system separate and apart from the wastewater
collection system that has been constructed and is currently maintained by the Payette Lakes Recreational Water and Sewer District (District). There have been discussions and negotiations
between the District and the City which resulted in the preparation of the Annexation Agreement, whereby the District will annex the Annexation Area and acquire the City’s wastewater
system, including, but not limited to, the City wastewater treatment plant, water reuse system, and wastewater collection systems. It is the City’s intent, in consideration of its transfer
to the District of its wastewater system assets, that the transfer must be pursuant to the Annexation Agreement which provides for the City’s retirement of its obligations with respect
to the Idaho Bond Bank Authority Revenue Bonds, Series 2004A (the “City 2004 Bonds”) and the Idaho Bond Bank Authority Revenue Bonds, Series 2008B (the “City 2008 Bonds”) at the time
of Annexation.
The City and the District called and held a special election on May 16, 2017, at which there was submitted to the qualified electors proposition of the annexation and bonding, resulting
in voter approval of and authorization for Annexation pursuant to the terms and conditions of the Annexation Agreement. The District, working with Bond Counsel, went to market for a
bond sale on August 15, 2017 of which the closing date is set for August 31, 2017. Upon closing of these bonds, and the execution of the closing documents, prepared by legal counsel,
the annexation process will be complete. As soon as these documents are available, they will be provided to the Council.
RECOMMENDED ACTION:
Approve the Closing documents to include Deeds and a Bill of Sale for the completion of the Sewer Annexation and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION