Reference No. CR-078-2021    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 7/13/2021
Introduced Date 7/6/2021 Public Hearing Date
Effective date: 7/13/2021    
Title: A RESOLUTION CONCERNING APPROVAL OF A CERTAIN REFUNDING PLAN OF THE WASHINGTON SUBURBAN SANITARY COMMISSION for the Issuance of Refunding Bonds For the purpose of approving the Refunding Plan of the Washington Suburban Sanitary Commission for the refunding of certain bonds of Washington Suburban Sanitary District through the issuance of General Construction Refunding Bonds, Water Supply Refunding Bonds, and Sewage Disposal Refunding Bonds of Washington Suburban Sanitary District.
Proposers/Sponsors: Washington Suburban Sanitary Commission, Calvin S. Hawkins, Derrick Leon Davis, Rodney C. Streeter, Dannielle M. Glaros, Todd M. Turner, Deni L. Taveras, Thomas E. Dernoga, Sydney J. Harrison, Jolene Ivey, Monique Anderson-Walker
Attachments: 1. R2021078, 2. CR-078-2021 Exhibit A, 3. CR-078-2021 AIS, 4. CR-078-2021 AIS, 5. CR-078-2021 Report, 6. WSSC Refunding Plan - June 30 2021, 7. CR-78-2021 OOL Comments
Contact: Kathleen H. Canning, Legislative Officer

Title

A RESOLUTION CONCERNING APPROVAL OF A CERTAIN

REFUNDING PLAN OF THE WASHINGTON SUBURBAN SANITARY COMMISSION for the Issuance of Refunding Bonds For the purpose of approving the Refunding Plan of the Washington Suburban Sanitary Commission for the refunding of certain bonds of Washington Suburban Sanitary District through the issuance of General Construction Refunding Bonds, Water Supply Refunding Bonds, and Sewage Disposal Refunding Bonds of Washington Suburban Sanitary District.

 

Background

This resolution approves a Refunding Plan of the Washington Suburban Sanitary Commission for the issuance of refunding bonds of  the Washington Suburban Sanitary District. Under the provision of the Public Utilities Article of the Annotated Code of Maryland and particularly, Section 22-114 thereof, the Commission is authorized to issue the Refunding Bonds to refund the Refunded Bonds to effect savings in debt service costs, directly or through any debt restructuring and only upon a finding by the Commission that such refunding will result in total savings in debt service costs.



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