Title:
A Resolution Of The City Commission Of The City of Hollywood, Florida, Authorizing The Issuance Of The City's Water And Sewer Refunding Revenue Bonds, Series 2014, In An Aggregate Principal Amount Not To Exceed $56,000,000.00; Providing For The Determination Of Certain Details Of Such Bonds Within Parameters Set Forth Herein; Appointing A Bond Registrar With Respect Thereto; Authorizing The Negotiated Sale Of Such Bonds To The Underwriters Mentioned Herein; Determining That The Issuance Of Such Bonds And The Refunding Of Certain Prior Bonds Are In The Best Interests Of The City And The Users Of The Utility; Authorizing The Execution And Delivery Of A Bond Purchase Agreement With Respect To Such Bonds; Approving The Distribution Of A Preliminary Official Statement; Approving The Form And Authorizing The Execution And Delivery Of A Final Official Statement; Appointing An Escrow Agent And Authorizing The Execution Of An Escrow Deposit Agreement; Authorizing The Execution And Delivery Of A Continuing Disclosure Certificate; Authorizing The Procurement Of Credit Enhancement And A Reserve Account Insurance Policy To Further Secure Such Bonds; Providing For The Application Of Bond Proceeds; Approving The Redemption Of Such Certain Prior Bonds Of The City From Proceeds Of Such Bonds; Approving The Application Of Certain Moneys Held In Respect Of Such Certain Prior Bonds To Effect Such Redemption; Establishing A 2014 Reserve Subaccount And A Means For Determination Of The Reserve Account Requirement With Respect Thereto And Providing For The Funding Thereof; Authorizing Proper Officials To Do All Things Deemed Necessary In Connection With The Issuance, Sale And Delivery Of Such Bonds; And Providing An Effective Date.
Body:
Staff Recommends: Approval of the Attached Resolution
Explanation:
The attached Resolution authorizes the issuance of the Series 2014 Water and Sewer Refunding Revenue Bonds (the "Series 2014 Refunding Bonds") in an aggregate amount n...
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