Agenda Item

21. TMP-5341 Providing for the issuance and sale of bonds in a maximum aggregate principal amount of $4,065,000 for the purpose of refunding for debt service cost savings the City's outstanding Street Improvement Bonds, Series 2010 (Federally Taxable - Recovery Zone Economic Development Bonds - Direct Payment), dated as of July 29, 2010, that are stated to mature on December 1, 2025; authorizing and directing the call for redemption of all of the refunded bonds; authorizing the execution and delivery of a Bond Registrar Agreement and a Bond Purchase Agreement with respect to the refunding bonds and an Escrow Agreement with respect to the refunding of the refunded bonds, and declaring an emergency.

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