Legislation Details

File #: 2026-2966    Version: 1 Name:
Type: Departmental Items Status: Agenda Ready
File created: 7/6/2026 In control: Home Finance Authority
On agenda: 7/8/2026 Final action:
Title: Discussion and possible action regarding Resolution 2026-2966: authorizing the authority to issue its revenue note, taxable series 2026B (Revolving Letter of Credit) in the aggregate principal amount of $10,000,000; waiving competitive bidding and authorizing the note to be sold on a negotiated basis; approving and authorizing execution of a letter of credit reimbursement agreement, letter of credit demand note, and unconditional letter of credit pertaining to a pledge of certain revenue; approving and authorizing the execution of a master construction contract, approving and authorizing the execution of the note, deposit accounts and other documents relating to the transaction; and containing other provisions relating thereto. Item requested by Jered Davidson, Home Finance Authority Legal Counsel.
Attachments: 1. Resolution 2026-2966 HFA 2026B Revolving Letter of Credit
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Discussion and possible action regarding Resolution 2026-2966: authorizing the authority to issue its revenue  note, taxable series 2026B (Revolving Letter of Credit) in the aggregate principal amount of $10,000,000; waiving competitive bidding and authorizing the note to be sold on a negotiated basis; approving and authorizing execution of a letter of credit reimbursement agreement, letter of credit demand note, and unconditional letter of credit pertaining to a pledge of certain revenue; approving and authorizing the execution of a master construction contract, approving and authorizing the execution of the note, deposit accounts and other documents relating to the transaction; and containing other provisions relating thereto. Item requested by Jered Davidson, Home Finance Authority Legal Counsel.