HomeMy Public PortalAboutAB 23-231 Water Sytem Improvement FinancingMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 23-231
Meeting Date December 1, 2023
AGENDA ITEM INFORMATION
SUBJECT:
Water System Expansion - Water Revenue Bond Financing Discussion and Direction to Staff
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$14 - $15 million
Parks and Recreation
FUNDING SOURCE:
Water System Revenues
Airport
Library
TIMELINE:
2024-2027
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Michael Keith, Municipal Advisor (Zion’s Bank) and John McDevitt, Bond Council (Skinner Fawcett) will be available for the discussion on the necessity and options for securing bonding
authority. Michael Keith, Zions Bank, will also present a with a brief discussion and refresher on the Roles and Responsibilities of the Municipal Advisor, Bond Council, Underwriter,
and Trustee; general bond information; bond ratings and the differences between GO Bonds (Library Expansion Project) and Revenue Bonds (Water System Expansion); and an update on Municipal
Bond interest rates. John McDevitt, Skinner Fawcett, will be available for questions regarding the legal aspects of the bond issuance timeline and process.
Attachment:
Power Point Presentation
RECOMMENDED ACTION:
Direction to staff
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION