HomeMy WebLinkAboutTPFA 00 AGENDA 09-02-97 AGENDA
SPECIAL MEETIN,~ OF THE TUSTIN PUBLIC FINANCING AUTHORITY
SEPTEMBER 2, 1997
TPFA
9-2-97
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS ( ITEM I )
1.' TUSTIN PUBLIC FINANCING AUTHORITY REVENUE BONDS (TUSTIN RANCH)
SERIES B
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 concurre.nt 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.
Recommendation by the Finance Department:
1. Adopt the following Resolution No. TPFA 97-1:
RESOLUTION NO. TPFA 97-1 - A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE TUSTIN PUBLIC FINANCING AUTHORITY AUTHORIZING THE
ISSUANCE OF NOT TO EXCEED $3,700,000 AGGREGATE PRINCIPAL
AMOUNT OF TUSTIN PUBLIC FINANCING AUTHORITY REVENUE BONDS
(TUSTIN RANCH), SERIES B, APPROVING THE EXECUTION AND DELIVERY OF
A FIRST SUPPLEMENTAL INDENTURE OF TRUST AND BOND PURCHASE
AGREEMENTS AND THE PREPARATION OF AN OFFICIAL STATEMENT'AND
OTHER MATTERS RELATED THERETO
,
Adjourn the Tustin Public Financing Authority meeting and reconvene as the
City Council.
OTHER BUSINESS
ADJOURNMENT
Financing Authority Agenda I September 2, 1997