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Brentwood City Commission Agenda

Meeting Date:	08/12/2019
Resolution 2019-80 - A Resolution Authorizing the Issuance of General Obligation Public Improvement Bonds in an amount not to Exceed $15,000,000
Submitted by:	Richard Parker, Finance
Department:	Finance

Information

Subject

Resolution 2019-80 - A Resolution authorizing the issuance of General Obligation Public Improvement Bonds, in an amount not to exceed $15,000,000

Background

Please refer to the backup information provided in the initial bond Resolution 2019-79.

This bond resolution addresses the detail terms and conditions pertaining to the issuance of the bonds.

Contact the Finance Director if you have any questions.

Staff Recommendation

Staff recommends approval of the accompanying resolution.

Fiscal Impact

Amount :
Source of Funds:
Account Number:

Fiscal Impact:

The FY 2020 budget includes funding in the Debt Service Fund for the projected March 2020 initial interest payment on up to $13 million in bonds. If the bond issue is greater than $13 million, a budget amendment for the Debt Service Fund may be necessary prior to the end of FY 2020.

Attachments
Resolution 2019-80
Signed Resolution