Agenda

Back to Calendar Return

FINANCE COMMITTEE

Meeting Date:	03/27/2017
Subject: Successor Agency of the Contra Costa County Redvelopment Agency - Issuance of Tax Allocation Bond (Refunding )
Submitted For:	John Kopchik, Director, Conservation & Development Department
Department:	Conservation & Development
Referral No.:	2017/110
Referral Name:	Debt Policy
Presenter:	Kara Douglas, Assistant Deputy Director	Contact:	Kara Douglas (925) 674-7205

Information

Referral History:

Debt Policy (Resolution 2017/110) requires County Finance Committee review of recommendation prior to issuance.

Referral Update:

See attached staff recommendations regarding a 2017 Tax Allocation Bond Refunding.

Recommendation(s)/Next Step(s):

ACCEPT report from the Conservation and Development Department regarding a recommendation to the Governing Board of the Successor Agency to the Contra Costa County Redevelopment Agency the approval of an issuance of 2017 Tax Allocation Revenue Bonds by the Successor Agency and forward to the full Board of Supervisors.

Fiscal Impact (if any):

The proposed refunding will save approximately $14 million net present value in debt service payments. The $14 million savings will go to the other taxing entities as provided for in the dissolution of the redevelopment agency.

Attachments
Tax Allocation Bond Refunding