Legislation Details

File #: 21-840    Version: 1 Name: CFD 2005-1(Belgate Dev. Restructuring) Tax Refunding Bonds
Type: Resolution Status: New Business
File created: 10/1/2024 In control: City Council
On agenda: 10/15/2024 Final action:
Title: City of Hesperia Community Facilities District 2005-1 (Belgate Development Restructuring), County of San Bernardino, State of California Special Tax Refunding Bonds, Series 2024 Recommended Action: For the purpose of achieving debt service savings that can be passed through to taxpayers, it is recommended that the City Council adopt Resolution No. 2024-52, authorizing the issuance of the City of Hesperia Community Facilities District 2005-1 (Belgate Development Restructuring), County of San Bernardino, State of California Special Tax Refunding Bonds, Series 2024 (the “Bonds”) to refinance outstanding bonds and approving all related documents and actions.
Sponsors: Casey Brooksher
Attachments: 1. SR CFD 2005-1 Special Tax Refunding Bonds - Series 2024 10-15-2024, 2. Resolution 2024-52, 3. Attachment 2 - Preliminary Official Statment, 4. Attachment 3 - Fiscal Agent Agreement 2024, 5. Attachment 4 - Escrow Deposit and Trust Agreement, 6. Attachment 5 - Bond Purchase Contract

Title City of Hesperia Community Facilities District 2005-1 (Belgate Development Restructuring), County of San Bernardino, State of California Special Tax Refunding Bonds, Series 2024

 

Recommended Action:

 

For the purpose of achieving debt service savings that can be passed through to taxpayers, it is recommended that the City Council adopt Resolution No. 2024-52, authorizing the issuance of the City of Hesperia Community Facilities District 2005-1 (Belgate Development Restructuring), County of San Bernardino, State of California Special Tax Refunding Bonds, Series 2024 (the “Bonds”) to refinance outstanding bonds and approving all related documents and actions.