ABSTRACT: One Noteworthy 15 November 2012 City Council Special Meeting Agenda Item, namely of a Resolution authorizing the sale of Pension Obligation Bonds to refinance outstanding side fund obligations of the City to the California Public Employees’ Retirement System, approving the final form of related financing documents and approving official actions, is presented. Staff Recommendation: Adopt the Resolution authorizing the sale of Pension Obligation Bonds to refinance outstanding side fund obligations of the City to the California Public Employees' Retirement System, approving the final form of related financing documents and approving official actions. The packet, consisting of the Agenda item Summary and Attachments, including Resolution authorizing the sale of pension obligation bonds to refinance outstanding side fund obligations, approving the final form of documents, and approving official action; Preliminary official statement; Indenture of trust; and Bond purchase agreement, is embedded.
Note:
Closed Session immediately following the Special Meeting
1. Property Negotiations –Government Code Section 54956.8, Real Property negotiations between City Administrator Jason Stilwell and Christine Sandin regarding the Sunset Cultural Center.
CITY OF CARMEL-BY-THE-SEA
Special Meeting
Thursday, November
15, 2012
4:30 p.m., Open
Session
City Hall
II. Roll Call
V. Orders of Council
A. Consideration of a Resolution authorizing the sale of Pension Obligation Bonds to refinance outstanding side fund obligations of the City to the California Public Employees’ Retirement System, approving the final form of related financing documents and approving official actions.
SPECIAL CITY COUNCIL MEETING PACKET
Thursday, November 15, 2012
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