File #: ORD 16-013    Version: 1 Name: Ordinance 16-013 Amending Ordinance No 2706 to extend the City's Limited TAx General Obligation Bond Anticipation Note
Type: Ordinance Status: Meeting Item
File created: 7/12/2016 In control: CITY COUNCIL REGULAR
On agenda: 7/18/2016 Final action:
Title: Ordinance 16-013 Amending Ordinance No 2706 Details: This ordinance extends the City's Limited Tax General Obligation Bond (LTGO) Anticipation Note 2014 for two more years to 2018. This note will continue a not to exceed limit of $7,000,000 and will be purchased by Bank of America for reduced interest rates and fees. Presenter: Cathy Huber Nickerson, Finance Director
Indexes: Debt Issuances
Attachments: 1. Ordinance No. 16-013 Amending Ord No. 2706 to Extend the Term and Change the Interest Rates on the City's LTGO Bond Anticipation Note 2014
Related files: REP 16-303

Title

Ordinance 16-013 Amending Ordinance No 2706

Details:  This ordinance extends the City's Limited Tax General Obligation Bond (LTGO) Anticipation Note 2014 for two more years to 2018. This note will continue a not to exceed limit of $7,000,000 and will be purchased by Bank of America for reduced interest rates and fees.

Presenter:  Cathy Huber Nickerson, Finance Director

Recommended Action

Recommended Action:  Staff recommends Council move to adopt Ordinance No. 16-013 and publish according to law.