Issue refunding bonds for Reassessment District No. 1999-01

Reassessment District BondsBudget

In Plain English

The city plans to refinance existing bonds from a 1999 special assessment district. Refunding bonds work like refinancing a mortgage to get better interest rates. Property owners in this district pay special assessments on their tax bills to repay the bonds.

Auto-generated summary. Source: official agenda documents.

Votes

to adopt Resolution No. 5-06

Moved by: Councilmember GriffinSeconded by: Councilmember Viramontes
Passed

9 to 0

Tom ButtAye
John MarquezAye
Nat BatesAye
Jim RogersAye
Gayle McLaughlinAye
Tony ThurmondAye
Maria ViramontesAye
Irma L. AndersonAye
Gayle GriffinAye