Title
Auditor-Controller recommending the Board adopt Resolution 025-2015 authorizing the issuance of special tax refunding bonds and approving a form of fiscal agent agreement, preliminary official statement and purchase agreement, authorizing changes thereto; and authorizing additional actions in connection therewith for Community Facilities District No. 2001-1 (Promontory Specific Plan). (Cont. 2/3/15, Item 16)
Body
Fiscal Impact
This item is unlikely to have any impact on the County General Fund. The only foreseeable circumstance that would make the County partially responsible for debt service payments or damages to bond investors would be if an error or omission is made by the County in the
formation of the district, in the preparation of the offering statement, in the ongoing SEC required disclosures, or in the administration of the community facilities district.