HomeMy WebLinkAboutTPFA 00 AGENDA 11-01-99 AGENDA
SPECIAL MEETING OF THE TUSTIN PUBLIC FINANCING AUTHORITY
NOVEMBER 1, 1999
TPFA
11-01-99
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEM 1)
Ii
TUSTIN PUBLIC FINANCING AUTHORITY REVENUE BONDS (TUSTIN RANCH)
SERIES D
In February 1996, the City Council approved the formation of the Tustin Financing
Authority to facilitate the reorganization of Assessment Districts 85-1 and 86-2,
and the concurrent refinancing of the outstanding debt of the two Districts into
Reassessment District 95-1, made up of owner occupied residential property with
.fixed rate bond assessments, and Reassessment District 95-2 made up of
commercial and vacant parcels with variable rate assessments. In keeping with
the City Council's policy as stated in the East Tustin Development Agreement, as
vacant parcels are developed as owner occupied residential property, the variable
rate debt is converted to fixed rate debt for the remaining life of the original issue
and the parcels become part of Assessment District 95-1.
Recommendation by the Finance Department:
,
Adopt the following Resolution No. TPFA 99-1 of the Tustin Public Financing
Authority authorizing the issuance of not to exceed $5,200,000 aggregate
principal amount of Tustin Public Financing Authority Bonds (Tustin Ranch),
Series D, approving the execution and delivery of a Third Supplemental
Indenture of Trust and Bond Purchase Agreements, and preparation of an
Official Statement and other matters related thereto; approving forms of the
Third Supplemental Indenture. of Trust, Bond Purchase Agreement for City
Bonds, Bond Purchase Agreement for Authority Bonds, and the preliminary
Official Statement:
RESOLUTION NO. TPFA 99-1 A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE TUSTIN PUBLIC FINANCING AUTHORITY
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $5,200,000
AGGREGATE PRINCIPAL AMOUNT OF TUSTIN PUBLIC. FINANCING
AUTHORITY REVENUE BONDS (TUSTIN RANCH), SERIES D, APPROVING
THE EXECUTION AND DELIVERY OF A THIRD SUPPLEMENTAL INDENTURE
OF TRUST AND BOND PURCHASE AGREEMENTS AND THE PREPARATION
OF AN OFFICIAL STATEMENT AND OTHER MATTERS RELATED THERETO
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Agenda - Tustin Public Financing Authority November 1, 1999 - Page 1
2. Adjourn th~
City Council.
ADJOURNMENT
,stin Public Financing Authorit.
,eeting and reconvene as the
Agenda - Tustin Public Financing Authority November 1, 1999 - Page 2