Prince George's County Council - Reference No. CR-065-2017

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Details

Reference No.

CR-065-2017 Draft No. 1

Type:

Resolution

Status:

Adopted

Meeting Body

County Council

Meeting Date

9/12/2017

Introduced Date

9/12/2017

Public Hearing Date

Effective date:

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 Build America Bonds 2009B, Build America Bonds 2010B, Consolidated Public Improvement Bonds of 2011, and Consolidated Public Improvement Bonds of 2013 of the Washington Suburban Sanitary District.

Proposers/Sponsors:

Washington Suburban Sanitary Commission, Derrick Leon Davis, Todd M. Turner, Dannielle M. Glaros, Deni L. Taveras

Attachments:

1. R2017065, 2. CR-65-2017 Exhibit A, 3. CR-65-2017 AIS.pdf, 4. Executive's Certificate of Approval

Contact:

Washington Suburban Sanitary Commission (WSSC) Kathleen H. Canning, Legislative Officer

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
9/26/2017	1	County Executive	signed		Action details	Meeting details	Not available
9/12/2017	1	County Council	introduced		Action details	Meeting details	Video
9/12/2017	1	County Council	rules suspended	Pass	Action details	Meeting details	Video
9/12/2017	1	County Council	adopted	Pass	Action details	Meeting details	Video

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 Build America Bonds 2009B, Build America Bonds 2010B, Consolidated Public Improvement Bonds of 2011, and Consolidated Public Improvement Bonds of 2013 of the Washington Suburban Sanitary District.

Background

Section 22-114 of the Public Utilities Article of the Annotated Code of Maryland requires that the issuance of refunding bonds by the Washington Suburban Sanitary District be approved by the County Executive and County Council of Prince George’s County and Montgomery County, respectively. The Bond Refunding Plan will provide the Commission with the opportunity to realize debt service savings in approximately 22.3 million.

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