Legislation Details

File #: RES 24-44    Version: 1 Name:
Type: Resolution Status: Passed
File created: 7/3/2024 In control: Town Council/Board of Trustees
On agenda: 7/15/2024 Final action: 7/15/2024
Title: Consider and act to approve Resolution 24-44 authorizing the redemption of bonds issued for Solana Public Improvement District in connection with prepayments of assessments; directing the reversal of certain transfers and the refund of certain assessments previously levied within property in said district; delegating authority to town representative to instruct trustee to effect said redemptions; and enacting other provisions relating to the subject (Wade Carroll, Town Manager)
Attachments: 1. Res 24-44 (Extraordinary Optional Redemption) v1

 

TOWN STAFF REPORT RECOMMENDATIONS

 

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Consider and act to approve Resolution 24-44 authorizing the redemption of bonds issued for Solana Public Improvement District in connection with prepayments of assessments; directing the reversal of certain transfers and the refund of certain assessments previously levied within property in said district; delegating authority to town representative to instruct trustee to effect said redemptions; and enacting other provisions relating to the subject (Wade Carroll, Town Manager)

 

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STAFF: Wade Carroll, Town Manager

 

BACKGROUND:

This resolution is necessary to allow staff to act as directed by Council regarding the Solana Public Improvement District. 

STAFF RECOMMENDATION:

Staff recommends approval of Resolution 24-44

ATTACHMENT(S):

Resolution 24-44

TOWN COUNCIL ACTION/OPTIONS:

1)                     Motion to approve

2)                     Motion to amend with the following stipulations (please state stipulations in motion)

3)                     Motion to table

4)                     Motion to deny