Item Coversheet

CITY OF RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS
AGENDA ITEM SUMMARY

Meeting Date: 1/13/2021 
Agenda Category:
Subject: 

AMENDMENT TO REVENUE NOTES; $13,297,000 RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY REDEVELOPMENT REFUNDING REVENUE NOTE, SERIES 2020A AND $16,338,000 RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY TAXABLE REDEVELOPMENT REFUNDING AND IMPROVEMENT REVENUE NOTE, SERIES 2020B

Recommendation/Motion: 

BOND COUNSEL RECOMMENDS APPROVAL OF THE PROPOSED RESOLUTION WHICH AMENDS THE BOND RESOLUTION.

Originating Dept ADMINISTRATION  Costs  
User Dept.ADMINISTRATION Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

ON AUGUST 5, 2020, THE CRA ADOPTED BOND RESOLUTION TO PROVIDE FOR THE ISSUANCE OF THE NOTES AND SUCH BOND RESOLUTION SET THE TERMS AND DETAILS OF THE TRANSACTION. THE LENDER IS REQUESTING THAT THE BOND RESOLUTION BE AMENDED TO ADD THE ADDITIONAL INFORMATION WHICH WAS INADVERTENTLY OMITTED DUE TO A SCRIVINER'S ERROR. THE AMENDED LANGUAGE PROVIDES FOR THE MECHANISM IN THE EVENT OF A DETERMINATION OF TAXABILITY OF THE NOTES.

 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
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
ATTACHMENTS:
File NameDescriptionUpload DateType
Memo.Amendment_to_Revenue_Notess_Series_2020A_and_Series_2020B.pdfMEMO1/6/2021Cover Memo
Resolution.RevenueNoteAmendment.pdfRESOLUTION NO 2021-011/6/2021Resolution
Original.RESOLUTION_NO_2020-15-REFUNDING_REVENUE_NOTES_2020A___2020B.pdfRESOLUTION NO 2020-151/6/2021Backup Material
REVIEWERS:
DepartmentReviewerActionDate
CRAEvans, ScottApproved1/6/2021 - 5:30 PM
CRA Internal ReviewEvans, ScottApproved1/6/2021 - 5:31 PM