DEPARTMENT MAKING REQUEST
Utilities
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Continuing Disclosure Certificate Form - Water Authority Bond Issuance
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REQUESTED MOTION/ACTION
recommendation
Recommended Action:
Approve Resolution authorizing execution of the Continuing Disclosure Certificate documents in connection with Water Authority’s bond issuance.
budget
Budgeted Action:
No action needed. No financial impacts.
BACKGROUND (Why is this Action Necessary, and What Action will be accomplished)
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Background:
The Water Authority will be issuing new debt for the Phase 2B pipeline, the large Surface Water System Expansion Project as well as potentially refunding the 2015 bonds. The attached Resolution authorizes the Chairman to execute the Continuing Disclosure Certificate for inclusion in the Official Statement.