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File #: 16-0903    Version: 1 Name: Wastewater Revenue Refunding Bonds, Series 2016A
Type: CC- Report Status: Agenda Ready
File created: 6/7/2016 In control: City Council
On agenda: 6/28/2016 Final action:
Title: REPORT - CITY OF SANTA ROSA WASTEWATER REVENUE REFUNDING BONDS, SERIES 2016A BACKGROUND: The City’s wastewater system has over $250 million in bonds and State loans outstanding. In June 2007, the City issued $67,010,000 of Wastewater Revenue Bonds, Series 2007A (“2007A Bonds”) to fund wastewater projects and refund the 1996A, 1998B, 2001B and 2004B Wastewater Revenue Bonds. In July 2008, the City issued $48,630,000 of Wastewater Revenue Bonds, Series 2008A (“2008A Bonds”) to fund wastewater projects. In March 2000, the City entered into a revolving loan contract with the State Water Resources Control Board (the “State Loans”), which has subsequently been amended several times to increase the revolving loan amount. There are currently over $55 million in outstanding scheduled principal repayments associated with this loan contract. RECOMMENDATION: It is recommended by the Finance Department, the Water Department, and the Board of Public Utilities that the Council, by resolution, appro...
Indexes: Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - POS & Disclosure v. 6-15-16, 3. Attachment 2 - 19th Supplemental Indenture, 4. Attachment 3 - Escrow Agreement, 5. Attachment 4 - Bond Purchase Agreement (updated 6-7), 6. Resolution, 7. Presentation