Reference No. CR-063-2006    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 9/19/2006
Introduced Date 7/18/2006 Public Hearing Date
Effective date: 10/2/2006    
Title: A Resolution concerning the Issuance of Special Obligation Bonds or Other Special Obligations to Refinance the Cost of Infrastructure Improvements Relating to the Special Taxing District Known as the Woodview Village Phase II Subdistrict
Proposers/Sponsors: Tony Knotts, Samuel H. Dean, David C. Harrington, Marilynn Bland, County Executive
Code sections: None - None
Attachments: 1. R2006063, 2. ACTION SUMMARY T2006063
Contact: Bond Counsel
Title A Resolution concerning the Issuance of Special Obligation Bonds or Other Special Obligations to Refinance the Cost of Infrastructure Improvements Relating to the Special Taxing District Known as the Woodview Village Phase II Subdistrict Background This resolution concerns the refunding of the Woodview Village Phase II Subdistrict special obligation bonds. In 1996, the County created the Woodview Village District and in 2001, the County expanded the Woodview Village District and created the Woodview Village Phase I Subdistrict and the Woodview Village Phase II Subdistrict. In 2001, the County also issued special obligation refunding bonds in an aggregate principal amount not to exceed $9,000,000 for the additional improvements relating to the Woodview Village Phase II Subdistrict. The purpose of this resolution is to authorize the issuance of special obligation refunding bonds in an aggregate principal amount not to exceed $8,600,000 in order to realize savings in the aggregate cost of debt service and reduce the Woodview Village Phase II Subdistrict special assessment levied on the property owners by refinancing the costs of the improvements.



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