File #: 19-2186    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 12/3/2019 In control: City Council / Housing Authority / Successor Agency to the Redevelopment Agency
On agenda: 12/16/2019 Final action:
Title: Authorization of Issuance of Pension Obligation Bonds and Authorization to File Validation Action It is recommended that the City Council adopt: RESOLUTION NO. 2019-205 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA AUTHORIZING THE ISSUANCE OF BONDS NOT TO EXCEED $220 MILLION TO REFUND CERTAIN PENSION OBLIGATIONS OF THE CITY, APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF A TRUST AGREEMENT AND PURCHASE CONTRACT, AUTHORIZING JUDICIAL VALIDATION PROCEEDINGS RELATING TO THE ISSUANCE OF SUCH BONDS AND APPROVING ADDITIONAL ACTIONS RELATED THERETO
Attachments: 1. Council Report-POBS validation.pdf, 2. attachment no. 1 - resolution.pdf, 3. Attachment no. 2 - SB 450 GOOD FAITH ESTIMATES.pdf, 4. attachment no. 3 - Trust Agreement (City of Pomona Pension Obligation Bonds).pdf, 5. attachment no. 4 - Bond Purchase Agreement - Pomona POB, 4825-1479-2878_1.pdf, 6. Attachment no. 5 -BOND COUNSEL AGREEMENT FOR POMONA PENSION OBLIGATION BONDS.pdf
Date Ver.Action ByActionResultAction DetailsMeeting Details
No records to display.

title

Authorization of Issuance of Pension Obligation Bonds and Authorization to File Validation Action

 

It is recommended that the City Council adopt:

 

RESOLUTION NO. 2019-205 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA AUTHORIZING THE ISSUANCE OF BONDS NOT TO EXCEED $220 MILLION TO REFUND CERTAIN PENSION OBLIGATIONS OF THE CITY, APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF A TRUST AGREEMENT AND PURCHASE CONTRACT, AUTHORIZING JUDICIAL VALIDATION PROCEEDINGS RELATING TO THE ISSUANCE OF SUCH BONDS AND APPROVING ADDITIONAL ACTIONS RELATED THERETO