 |  | 5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016 |
| TO: | City of New Port Richey City Council | | FROM: | Crystal S. Feast, Finance Director | | DATE: | 12/20/2016 | | RE: | Resolution No. 2017-08: Reimbursement of Certain Expenditures Incurred in Connection with Acquisition of W&S Systems |
REQUEST:
The City Council is asked to review and authorize Resolution No. 2017-08, which establishes the City’s intent to reimburse certain expenditures incurred with the acquisition of the 3 utility systems, namely Lakewood Villas, Barbara Ann Acres, and Silver Oaks, with proceeds from the Water & Sewer Revenue Bond, Series 2017A.
DISCUSSION:
Jerry Ford, of Ford & Associates, Inc. (City’s Financial Advisor), will present to the City Council the terms and conditions of the Water & Sewer Revenue Bond, Series 2017A. Duane Draper, of Bryant Miller Olive (City’s Bond Counsel), will present to the City Council the details of Resolution No. 2017-08.
RECOMMENDATION:
It is recommended that the City Council approve Resolution No. 2017-08.
BUDGET/FISCAL IMPACT:
No immediate budget or fiscal impact. | | | |