MEETING DATE:
May 14, 2024
SUBJECT:
Title
RESOLUTION NOS. 2024-9290 & SMPFA 2024-014 - AUTHORIZING SPECIAL TAX REFUNDING BONDS FOR CERTAIN IMPROVEMENT AREAS OF COMMUNITY FACILITIES DISTRICT NO. 99-01 (SAN ELIJO HILLS) AND OTHER ACTIONS IN CONNECTION THEREWITH
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Recommendation
Recommendation
ADOPT a resolution authorizing the issuance of Special Tax Refunding Bonds by the City of San Marcos Community Facilities District No. 99-01 (San Elijo Hills) ("CFD 99-01") for 17 Improvement Areas and the form of separate Fiscal Agent Agreement for each Series, a Bond Purchase Agreement, Escrow Deposit and Trust Agreements, a Preliminary Official Statement, pertaining to the defeasance and redemption of certain Special Tax Refunding Bonds of the CFD 99-01 for each of the 17 Improvement Area (the "2014 Special Tax Refunding Bonds") and the San Marcos Public Financing Authority Special Tax Revenue Refunding Bonds, Series 2014A, AND ADOPT a resolution authorizing the issuance of bonds by the San Marcos Public Financing Authority (the "Authority") to purchase the Special Tax Refunding Bonds by the City of San Marcos Community Facilities District No. 99-01 (San Elijo Hills) ("CFD 99-01") for 17 Improvement Areas (each an "Improvement Area" and, collectively, the "Improvement Areas") and approving the forms of an Indenture of Trust, a Bond Purchase Agreement, an Escrow Deposit and Trust Agreement and a Preliminary Official Statement and authorizing other actions in connection therewith
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Board or Commission Action
Not Applicable
Relevant Council Strategic Theme (If not applicable, please state not applicable below)
Good Governance
Relevant Department Goal
Not Applicable
Executive Summary
In 2014, the Authority issued its $32,395,000 San Marcos Public Financing Authority Special Tax Revenue Refunding Bonds, Series 2014A (The "2014A Bonds") to finance the acquisition of several series of the City of San Marcos CFD No. 99-01 Special Tax Refunding Bonds for 17 Impr...
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