Refinancing of Use Tax Revenue Bonds

The POS and Appendix A files contain the Preliminary Official Statement that will go to prospective bidders who wish to bid on refinancing our sales tax bond issue.  The resolution needs to be adopted in order to proceed with the refinancing.

Recommendation:  Approve the attached resolution fixing the date of sale, approving electronic bidding procedures and approving the official statement.

Bids will be due May 2, 2012 with a special board meeting needed to approve the successful bid.