Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
11/16/2015

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Greg Ferguson, Town Manager

Subject:          2015 G.O. Refunding Bond RFP

Consider refunding 2004 General Obligation Bonds as described in attached memo.


ACTION RECOMMENDED: 

The following action is recommended: 

 

1.  Award bid to Carter Bank & Trust for the purchase of a General Obligation Refunding Bond to refinance the Town's outstanding General Obligation Bonds, Series 2004 and fund the associated Costs of Issuance.

 

2.  Adopt Resolution making certain statements of fact concerning proposed bond issue.

 

3.  Adopt Bond Order authorizing the issuance of not to exceed $2,400,000 General Obligation Refunding Bonds.

 

4.  Adopt Resolution for the issuance of a General Obligation Refunding Bond in an aggregate principal amount not to exceed $2,400,000.

Consider approval of a Final Resolution.

 
 
FINANCIAL IMPLICATIONS:

Savings of $160,988 over term.

 



ATTACHMENTS:
DescriptionType
Refunding Bond RFP SummaryBackup Material
Resolution Making Certain Statements of FactResolution
Bond OrderBackup Material
Resolution - Issuance of GO Refunding BondResolution