| | | | | | | | CITY OF RIVIERA BEACH CITY COUNCIL AGENDA ITEM SUMMARY | | | | | | | |
| | | | | | | | Meeting Date: | 11/16/2015 | Agenda Category: | |
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| | | | | | | | Subject: | Approval of a Resolution for City Staff to procure the Utility District bond-underwriter for the issuance of Series 2016 Utility District Revenue Bonds. |
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| | | | | | | | Recommendation/Motion: | Staff recommends authorizing the District Finance Director to proceed with the issuance of the District's Water and Sewer Revenue Bonds in accordance with the City of Riviera Beach Debt Management Policy. |
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| | | | | | | | Originating Dept | UTILITY DISTRICT AND FINANCE AND ADMINISTRATIVE SERVICES (CUSTOMER BILLING AND SERVICE) | | Costs | | User Dept. | UTILITY DISTRICT AND FINANCE AND ADMINISTRATIVE SERVICES (CUSTOMER BILLING AND SERVICE) | | Funding Source | | Advertised | No | | Budget Account Number | | Date | | | | | Paper | | | | | Affected Parties | Not Required | | | |
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| | | | | | | | Background/Summary: | At their October 19, 2015 Utility Special District (USD) Board of Directors meeting, the Board discussed and deliberated on the subject of Utility District bond-underwriter for the issuance of Series 2016 Utility District Revenue Bonds. |
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| | | | | | | | Fiscal Years | | | | | | Capital Expenditures | | | | | | Operating Costs | | | | | | External Revenues | | | | | | Program Income (city) | | | | | | In-kind Match (city) | | | | | | Net Fiscal Impact | | | | | | NO. Additional FTE Positions
(cumulative) | | | | | |
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| | | | | | | | A. Finance Department Comments: | | | B. Purchasing/Intergovernmental Relations/Grants Comments: | | | C. Department Director Review: | |
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| | | | | | | | Contract Start Date | | Contract End Date | | Renewal Start Date | | Renewal End Date | | Number of 12 month terms this renewal | | Dollar Amount | | Contractor Company Name | | Contractor Contact | | Contractor Address | | Contractor Phone Number | | Contractor Email | | Type of Contract | | Describe | |
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REVIEWERS: | Department | Reviewer | Action | Date | Utility | Answerer | Rejected | 11/6/2015 - 1:49 PM | Utility | Guarascio, Maryann | Approved | 11/6/2015 - 2:15 PM | Utility | Answerer | Approved | 11/6/2015 - 2:21 PM | Finance | sherman, randy | Approved | 11/9/2015 - 7:39 AM | Attorney | Answerer | Approved | 11/9/2015 - 10:20 AM | City Clerk | Robinson, Claudene | Approved | 11/9/2015 - 11:52 AM | City Manager | Answerer | Approved | 11/9/2015 - 1:19 PM |
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