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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