San Bernardino header
File #: 2452   
Type: Consent Status: Passed
File created: 6/16/2020 Department: Redevelopment Agency
On agenda: 6/23/2020 Final action: 6/23/2020
Subject: v Actions to Further the Issuance and Sale of Successor Agency Refundings of the San Sevaine and Cedar Glen Tax Allocation Bonds
Attachments: 1. ATT-SA-062320-Letter of Engagement, 2. CON-SA-062320-Bond Counsel Agreement (Stradling Yocca), 3. COV-SA-062320-Jones Hall Disclosure Counsel Agreement, 4. COV-SA-062320-Stradling Yocca Bond Counsel Agreement, 5. RES-SA-062320-Bond Authorization Cedar Glen 2020B, 6. RES-SA-062320-Bond Authorization San Sev. 2020A, 7. RES-SA-062320-Tax Allocation Bond Refunding, 8. R1-CON-SA-062320-Disclosure Co. for SA Bonds (Jones Hall), 9. Item #131 Executed BAI, 10. 20-483 Executed Agreement.pdf, 11. 20-484 Executed Agreement.pdf, 12. 2020-122 Executed Resolution.pdf, 13. 2020-123 Executed Resolution.pdf, 14. 2020-124 Executed Resolution.pdf
REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY, ACTING AS THE SUCCESSOR AGENCY
TO THE COUNTY OF SAN BERNARDINO
REDEVELOPMENT AGENCY
AND RECORD OF ACTION

June 23, 2020

FROM
GARY HALLEN, Director, Community Development and Housing

SUBJECT
Title v
Actions to Further the Issuance and Sale of Successor Agency Refundings of the San Sevaine and Cedar Glen Tax Allocation Bonds
End

RECOMMENDATION(S)
Recommendation
Acting as the governing body of the Successor Agency to the County of San Bernardino Redevelopment Agency:
1. Adopt a resolution authorizing and approving the financing team for a proposed tax allocation bond refunding of the former Cedar Glen and San Sevaine Redevelopment Project Areas and the execution of contracts with: Stradling Yocca Carlson & Rauth, P.C for bond counsel services and Jones Hall, A Professional Law Corporation, for disclosure counsel services, also CSG Advisors Incorporated, to provide financial advisory services and HdL Coren and Cone, LLP to provide fiscal consulting services in connection with the issuance and sale of the tax allocation bond refundings.
2. Adopt a resolution authorizing and approving the issuance and sale of tax allocation refunding bonds, the form of an Indenture of Trust, Bond Purchase Contract and related documents for the former San Sevaine Redevelopment Project Area in an aggregate principal amount not to exceed $35 million.
3. Adopt a resolution authorizing and approving the issuance and sale of tax allocation refunding bonds, the form of an Indenture of Trust, Bond Purchase Contract and related documents for the former Cedar Glen Redevelopment Project Area in an aggregate principal amount not to exceed $5.5 million.
4. Authorize the Chief Executive Officer, or Chief Finance Officer or the Community Development and Housing Director, upon consultation with County Counsel, to accept and execute the Letter of Engagement with Stifel, Nicolaus & Company, Incorporated to ...

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