City of Racine - File #: Res.14-0437

• File #: Res.14-0437
• Version: A
• Name: Refunding Bonds for 2014 Note Anticipation Note
• Type: Resolution
• Status: Passed
• File created: 11/5/2014
• In control: City Attorney's Office
• Final action: 11/5/2014
• Title: Refunding Bonds for 2014 Note Anticipation Note Resolved, that the issuance of Refunding Bonds for the 2014 Note Anticipation Note is approved. Further resolved, that the issuance of additional Refunding Bonds to refinance certain callable portions of the City's 2006B, 2007A and 2008 Bonds contingent on a minimum 2.00% present value savings is approved. Fiscal Note: The present value savings of refunding the 2006B, 2007A and 2008 Bonds is currently estimated at $321,000.00 and will result in lower debt service tax levies over the next eleven years.
• Sponsors: Q.A. Shakoor II
• Related files: 14-10686

Date	Ver.	Action By	Action	Result
11/5/2014	A	Common Council	Adopted	Pass

Sponsor

Alderman Shakoor

Title

Refunding Bonds for 2014 Note Anticipation Note

Resolved, that the issuance of Refunding Bonds for the 2014 Note Anticipation Note is approved.

Further resolved, that the issuance of additional Refunding Bonds to refinance certain callable portions of the City's 2006B, 2007A and 2008 Bonds contingent on a minimum 2.00% present value savings is approved.

Fiscal Note: The present value savings of refunding the 2006B, 2007A and 2008 Bonds is currently estimated at $321,000.00 and will result in lower debt service tax levies over the next eleven years.