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File #: 20-8105    Version: 1 Name:
Type: Ordinances and Action Items Status: Adopted
File created: 8/20/2020 In control: City Council
On agenda: 9/15/2020 Final action: 9/15/2020
Title: Subject: Authorizing the sale and delivery of 2020A Certificates of Participation (“Certificates”) to refinance outstanding Certificates of Participation (2012 Refinancing Project) (“2012 Certificates” or “Refunded Certificates”) for debt service savings and authorizing related documents and actions.
Attachments: 1. Staff Report, 2. A - Good Faith Estimates, 3. B - Draft Resolution, 4. C - Site Lease, 5. D - Lease Agreement, 6. E - Memorandum of Lease Agreement, 7. F - Assignment Agreement, 8. G - Trust Agreement, 9. H - Escrow Agreement, 10. I - Termination Agreement, 11. J - Certificate Purchase Agreement, 12. K - Preliminary Official Statement, 13. L - Amended Debt Management Policy

Title

Subject:  Authorizing the sale and delivery of 2020A Certificates of Participation (“Certificates”) to refinance outstanding Certificates of Participation (2012 Refinancing Project) (“2012 Certificates” or “Refunded Certificates”) for debt service savings and authorizing related documents and actions.

 

Recommended Action

Adopt Resolution No. 20-114 of the City Council of the City of Cupertino authorizing the sale and delivery of 2020A Certificates of Participation in a principal amount not to exceed $27 million, authorizing execution and delivery of certain documents relating thereto, and directing certain actions in connection therewith.