File #: 20-1468    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 6/29/2020 In control: City Council / Housing Authority / Successor Agency to the Redevelopment Agency
On agenda: 7/6/2020 Final action:
Title: Adoption of a Resolution Approving the Form and Authorize the Execution of an Official Statement and Continuing Disclosure Certificate Relating to the Issuance of Pension Obligation Bonds; Approving Additional Actions Related Thereto It is recommended that the City Council take the following actions: 1) Adopt the following resolution: RESOLUTION NO. 2020-105 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA APPROVING THE FORM OF A PRELIMINARY OFFICIAL STATEMENT AND A CONTINUING DISCLOSURE CERTIFICATE IN CONNECTION WITH THE ISSUANCE OF BONDS TO REFUND CERTAIN PENSION OBLIGATIONS OF THE CITY AND APPROVING ADDITIONAL ACTIONS RELATED THERETO 2) Provide staff directions as to which funding option is preferred 3) Direct staff to allocate savings from the issuance of Pension Obligation Bonds to the City's 'Committed Fund Balance' Reserve.
Attachments: 1. Pomona POB July 6 2020 Staff Report (VF).docx-july 1.pdf, 2. attach 1_Resolution of City Council Approving Preliminary Official Statement 4827-5826-4257_4.pdf, 3. attach 2_Official Statement Pomona 2020 Pension Obligation Bonds 4816-5063-4426_1_Master.pdf, 4. attach 3_Continuing Disclosure Certificate Pomona 2020 Pension Obligation Bonds, 4846-7579-4625_1.pdf
Date Ver.Action ByActionResultAction DetailsMeeting Details
No records to display.

title

Adoption of a Resolution Approving the Form and Authorize the Execution of an Official Statement and Continuing Disclosure Certificate Relating to the Issuance of Pension Obligation Bonds; Approving Additional Actions Related Thereto

 

It is recommended that the City Council take the following actions:

 

1)                     Adopt the following resolution:

 

RESOLUTION NO. 2020-105 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA APPROVING THE FORM OF A PRELIMINARY OFFICIAL STATEMENT AND A CONTINUING DISCLOSURE CERTIFICATE IN CONNECTION WITH THE ISSUANCE OF BONDS TO REFUND CERTAIN PENSION OBLIGATIONS OF THE CITY AND APPROVING ADDITIONAL ACTIONS RELATED THERETO

 

2)                     Provide staff directions as to which funding option is preferred 

 

3)                     Direct staff to allocate savings from the issuance of Pension Obligation Bonds to the City’s ‘Committed Fund Balance’ Reserve.