File #: 24-6344    Version: 1 Name: RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF MANSFIELD ECONOMIC DEVELOPMENT CORPORATION SALES TAX REVENUE BONDS, TAX-EXEMPT NEW SERIES 2025; PRESCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID BONDS; APPROVING EXECUTI
Type: Resolution Status: New Business
File created: 12/5/2024 In control: Mansfield Economic Development Corporation
On agenda: 12/9/2024 Final action:
Title: Resolution - A Resolution Authorizing the Issuance and Sale of Mansfield Economic Development Corporation Sales Tax Revenue Bonds, Tax-Exempt New Series 2025; Prescribing the Form of Said Bonds; Providing or the Security for and Payment of Said Bonds; Approving Execution and Delivery of a Bond Purchase Agreement, Paying Agent/Registrar Agreement and Bond Counsel Engagement Letter; Approving the Official Statement; and Enacting other Provisions Relating to the Subject
Attachments: 1. Resolution Mansfield EDC - Sales Tax Rev Bonds Tax-Exempt - 2025(10556498.2) (1).pdf
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Title

Resolution - A Resolution Authorizing the Issuance and Sale of Mansfield Economic Development Corporation Sales Tax Revenue Bonds, Tax-Exempt New Series 2025; Prescribing the Form of Said Bonds; Providing or the Security for and Payment of Said Bonds; Approving Execution and Delivery of a Bond Purchase Agreement, Paying Agent/Registrar Agreement and Bond Counsel Engagement Letter; Approving the Official Statement; and Enacting other Provisions Relating to the Subject

 

Requested Action

To consider the resolution

 

Recommendation

To approve the resolution

 

Description/History

These are related to the sale of sales tax revenue bonds for the Multipurpose stadium project approved by voters in May 2023.

 

Justification

Required for the construction of the multipurpose stadium.

 

Funding Source

Type A Sales Tax

 

Prepared By

Jason Moore, Executive Director of Economic Development