Posted: November 03, 2021
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF111021 10

Agenda Item Title:

Approve Resolution No. 2021-096 A Resolution Authorizing the Issuance and Sale of Water Revenue Refunding Bonds, Defining the Terms and Manner of Payment of the Bonds and the Security Therefor

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
City Council Hearing Date:
Staff Contact:
Pauline Sumption, Finance Director
Agenda Item Summary:
This will allow for the issuance of Water Revenue Refunding Bonds, to refund in advance of maturity, a portion of the the Series 2015 Water Revenue Refunding Bonds (the “Refunded Bonds”), and to pay the costs of issuance of the Bonds. Estimated savings is approximately $2.25 million.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
0602 0932
Is Funding Budgeted?:


Origination Recommendation Action:

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