|
Item # 2020-174
| 1 | A. | | Resolution | A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $15,250,000 IN AGGREGATE PRINCIPAL AMOUNT OF TOWN OF CUTLER BAY, FLORIDA CAPITAL IMPROVEMENTS REVENUE BONDS, SERIES 2020, FOR THE PURPOSE OF FINANCING THE COSTS OF IMPROVEMENTS TO FRANJO PARK, ACQUIRING VACANT LAND FOR PRESERVATION, CONSERVATION AND RESILIENCY PURPOSES, AND REIMBURSING THE TOWN FOR THE ACQUISITION OF VACANT LAND FOR THE SITE OF A NEW CIVIC CENTER AND PUBLIC PARK, AND PAYING COSTS OF ISSUANCE OF THE BONDS; COVENANTING TO BUDGET AND APPROPRIATE CERTAIN LEGALLY AVAILABLE NON-AD VALOREM REVENUES OF THE TOWN TO PAY DEBT SERVICE ON THE BONDS; PROVIDING CERTAIN DETAILS OF THE BONDS; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF THE BONDS; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE BONDS; AUTHORIZING THE NEGOTIATED SALE OF THE BONDS TO THE UNDERWRITER AND WAIVING COMPETITIVE BIDDING; APPROVING THE FORM AND EXECUTION OF A BOND PURCHASE AGREEMENT; DELEGATING CERTAIN AUTHORITY TO THE TOWN MANAGER FOR THE APPROVAL OF THE TERMS AND DETAIL | adopted as amended | Pass |
Action details
|
Audio / Agenda
|
|
Item # 2020-175
| 1 | B. | | Resolution | A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $3,100,000 TAXABLE CAPITAL IMPROVEMENTS REVENUE NOTE OF THE TOWN OF CUTLER BAY, FLORIDA FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF PROPERTY PURCHASED FROM GCF INVESTMENTS, INC, AND PAYING COSTS OF ISSUANCE OF THE NOTE; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT WITH TRUIST BANK; AWARDING THE NOTE TO TRUIST BANK; PROVIDING FOR SECURITY FOR THE NOTE; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION WITH THE ISSUANCE OF THE NOTE; REPEALING ALL RESOLUTIONS OR PARTS OF RESOLUTIONS IN CONFLICT HEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. | adopted | Pass |
Action details
|
Audio / Agenda
|