Number
001597
Version
Substitute 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing refunding of all or any part of General Obligation Corporate Purpose Bonds, Series BZ(1); BZ(2); General Obligation Refunding Bonds, Series of 1992, CA; Refunding Bonds, Series of 1993; CB; CB(2); A; B; C; D; Refunding Bonds, Series of 1996; E; F; G; J; K; L; O; P; and, R.
Analysis
Resolution authorizes and requests the Commissioners of the Public Debt to issue and sell at a private sale General Obligation Refunding Bonds to refund portions of certain issues. The Commissioners will refund the debt whenever it makes economic sense to do so.
Body
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Corporate Purpose Bonds, Series BZ(1), dated June 15, 1991, in the amount of $36,050,000; and
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Corporate Purpose Bonds, Series BZ(2), dated November 15, 1991, in the amount of $11,985,000; and
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Refunding Bonds, Series of 1992, dated February 1, 1992, in the amount of $43,065,000; and
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Corporate Purpose Bonds, Series CA, dated June 15, 1992, in the amount of $29,500,000; and
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Refunding Bonds, Series of 1993, dated April 1, 1993, in the amount of $65,525,000; and
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Corporate Purpose Bonds, Series CB, dated June 15, 1993, in the amount of $28,140,000; and
Whereas, The Common Council has authorized the issuance and approved the sale of General Obligation Corporate Purpose Bonds, Series CB(2), d...
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