File #: 16-2629   
Type: Consent Item Status: Agenda Ready
In control: Board of Commissioners
On agenda: 2/17/2020 Final action:
Title: Proposed Series 2020A and 2020B General Obligation Refunding Bonds not to exceed $77,000,000
Attachments: 1. 20200217 Item Summary - 2020AB GO Refunding Bonds.pdf, 2. 20200217 Attachment 1 - Findings Resolution; Bond Order; Issuing Resolution.pdf, 3. 20200217 Attachment 2 - Sworn Stmt of Debt.pdf, 4. 20200217 Attachment 3 - Stmt of Estimated Interest.pdf, 5. 20200217 Attachment 4 - Market Sizing 2020A GO Refunding Bonds.pdf, 6. 20200217 Attachment 5 - Market Sizing 2020B GO Refunding Bonds.pdf

Title

Proposed Series 2020A and 2020B General Obligation Refunding Bonds not to exceed $77,000,000

Recommended Action

That the Board of Commissioners:

 

1.                     Adopts a Resolution making certain findings and determinations and authorizing and ratifying the filing of an application with the Local Government Commission in connection with the proposed issuance of General Obligation Refunding Bonds by the County of Wake, North Carolina;

 

2.                     Introduces and adopts a Bond Order authorizing $77,000,000 General Obligation Refunding Bonds;

 

3.                     Directs filing of Sworn Statement of Debt and Statement of Estimated Interest with the Board Clerk;

 

4.                     Adopts a Resolution providing for the sale and issuance of not to exceed $59,600,000 County of Wake, North Carolina General Obligation Refunding Bonds, Series 2020A; and

 

5.                     Adopts a Resolution providing for the sale and issuance of not to exceed $17,400,000 County of Wake, North Carolina General Obligation Refunding Bonds, Series 2020B.