File #: 11-1728    Version: 1 Name: Authorizing the Issuance of not Exceeding $6,400,000 Sewer System Revenue Bonds, Series 2011, of the City to Finance Sewer Projects Originally Funded Through the State of Florida Department of Emergency Management and Paying Costs of Issuance Related Ther
Type: Ordinance Status: Passed
File created: 11/7/2011 In control: City Commission
On agenda: 1/3/2012 Final action: 1/3/2012
Title: An Ordinance of the City of Key West, Florida supplementing Ordinance No. 03-15; Authorizing the issuance of a series of Sewer System Revenue Bonds for the purpose of financing sewer projects originally funded through the State of Florida Department of Emergency Management and paying costs of issuance related thereto; Providing for the payment of such Sewer System Revenue Bonds from net revenues of the sewer system of the City; Authorizing an amendment to the reserve account requirement upon consent of a majority of bondholders; And providing an effective date.
Sponsors: Jim Scholl
Attachments: 1. Ordinance, 2. Executive Summary, 3. Award Recommendation Letter, 4. Proposed Sewer System Revenue Bonds, Series 2012, 5. Letter from Bryant, Miller and Olive, 6. Loan Timetable, 7. Request for Proposals, 8. Florida Dept. of Emergency Management Letter, 9. Fitch Ratings Affirms Key West AA- Bond Rating
Title
An Ordinance of the City of Key West, Florida supplementing Ordinance No. 03-15; Authorizing the issuance of a series of Sewer System Revenue Bonds for the purpose of financing sewer projects originally funded through the State of Florida Department of Emergency Management and paying costs of issuance related thereto; Providing for the payment of such Sewer System Revenue Bonds from net revenues of the sewer system of the City; Authorizing an amendment to the reserve account requirement upon consent of a majority of bondholders; And providing an effective date.