DATE: October 25, 2016
TO: Redevelopment Successor Agency Board
FROM: Acting Director of Finance
SUBJECT
Approval of the Preliminary and Final Official Statements for the Redevelopment Successor Agency of the City of Hayward 2016 Tax Allocation Refunding Bonds (Refunding the Outstanding 2004 and 2006 Tax Allocation Bonds), a Bond Purchase Agreement with the Underwriters and Confirming the Issuance of the Bonds.
RECOMMENDATION
That the Hayward Redevelopment Successor Agency Board (“Successor Agency”), adopts the attached resolution (Attachment I) confirming the issuance of the 2016 Tax Allocation Refunding Bonds (“Refunding Bonds”) to refinance the outstanding Tax Allocation Bonds, Series 2004 and Tax Allocation Bonds, Series 2006 (collectively, the “Outstanding Bonds”), approving the preliminary and final official statement (“POS”), approving a bond purchase agreement with Stifel, Nicolaus & Company, Incorporated and Hilltop Securities Inc. (collectively, the “Underwriters”) and providing for other matters properly related thereto.
ATTACHMENTS
Attachment I Staff Report
Attachment II Redevelopment Successor Agency Resolution
Attachment III Draft Preliminary Official Statement (POS)
Attachment IV Draft Bond Purchase Agreement