File #: RES. NO. 2020-48    Version: 1 Name: Utility Debt Refunding Resolution
Type: Resolution Status: Passed
File created: 11/6/2020 In control: City Council
On agenda: 11/17/2020 Final action: 11/17/2020
Title: A Resolution of the City of Venice, Florida Supplementing Resolution No. 2012-05, as Previously Amended and Supplemented, Which, Among Other Things, Authorizes the Issuance of Utility System Revenue Bonds from Time to Time; Authorizing the Issuance of Not Exceeding $19,000,000 Aggregate Principal Amount of City of Venice, Florida Taxable Utility System Refunding Revenue Bonds, Series 2020 in Order to Refund All of the City's Outstanding Utility System Revenue Bonds, Series 2012; Making Certain Covenants and Agreements in Connection with the Issuance of Such Series 2020 Bonds; Authorizing a Negotiated Sale of Said Series 2020 Bonds; Delegating Certain Authority to the Mayor for the Authorization, Execution and Delivery of a Bond Purchase Agreement with Respect Thereto, and the Approval of the Terms and Details of Said Series 2020 Bonds; Appointing the Paying Agent and Registrar for Said Series 2020 Bonds ...
Attachments: 1. Resolution, 2. Finance Director Memorandum, 3. Financial Advisor Memorandum

Title

A Resolution of the City of Venice, Florida Supplementing Resolution No. 2012-05, as  Previously  Amended  and  Supplemented,  Which,  Among  Other  Things,  Authorizes  the  Issuance  of  Utility  System  Revenue  Bonds  from  Time  to  Time; Authorizing  the  Issuance  of  Not  Exceeding  $19,000,000  Aggregate  Principal  Amount  of  City  of  Venice,  Florida  Taxable  Utility  System  Refunding  Revenue Bonds, Series 2020 in Order to Refund All of the City's Outstanding Utility System Revenue  Bonds,  Series  2012;  Making  Certain  Covenants  and  Agreements  in  Connection  with  the  Issuance  of  Such  Series  2020  Bonds;  Authorizing  a Negotiated  Sale  of  Said  Series  2020  Bonds;  Delegating  Certain  Authority  to  the  Mayor  for  the  Authorization,  Execution  and  Delivery  of  a  Bond  Purchase Agreement with Respect Thereto, and the Approval of the Terms and Details of Said Series 2020 Bonds; Appointing the Paying Agent and Registrar for Said Series 2020  Bonds  and  Authorizing  the  Execution  and  Delivery  of  a  Paying  Agent  and  Registrar  Agreement;  Authorizing  the  Distribution  of  a  Preliminary  Official Statement and the Execution and Delivery of an Official Statement with Respect Thereto; Authorizing the Execution an Delivery of an Escrow Deposit Agreement and the Appointment of an Escrow Agent Thereto; Authorizing the Execution and Delivery  of  a  Continuing  Disclosure  Certificate  and  the  Appointment  of  the  Dissemination Agent With Respect Thereto; and Providing an Effective Date