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This document outlines the authorization and details regarding the issuance of General Obligation Grant Anticipation Notes (GANs) by the Metropolitan Council for funding the Central Corridor Light

How to fill out resolution no 2011-24 to

How to fill out Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C

1. Begin by reviewing the existing policies and regulations related to general obligation notes.
2. Prepare the necessary background information and justification for issuing the notes.
3. Complete the Resolution form, starting with the header titled 'Resolution No. 2011-24'.
4. Clearly specify the purpose of the note issuance in the body of the resolution.
5. Include the amount of the notes to be issued and the specific project or expenses they will fund.
6. Outline the expected timelines for the sale and issuance of the notes.
7. State the legal authority under which the notes will be issued.
8. Include any required approval statements from relevant governing bodies or officials.
9. Add sections concerning the repayment terms and any conditions or requirements associated with the notes.
10. Finally, gather signatures from authorized officials and ensure the resolution is filed appropriately.

Who needs Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C?

1. Local government officials responsible for financing and budgeting.
2. Municipal finance departments preparing to fund specific projects.
3. Anyone involved in public infrastructure development seeking to utilize grant funds.

People Also Ask about

What is considered a reliable bond?

An investment-grade bond is a bond whose issuer's prompt payment of interest and principal (at maturity) is considered relatively safe by a nationally recognized statistical rating organization as indicated by a high bond rating (e.g., "Baa" or better by Moody's Investors Service or "BBB" or better by Standard & Poor's

What is a special obligation bond?

Tax-Based Revenue Bonds These are sometimes referred to as Special Tax Bonds or “special obligation bonds.” Unlike General Obligation Bonds, Special Tax Bonds are not secured by the general taxing power or the full faith and credit of the Issuer.

What is considered a good bond?

Bonds with a rating of BBB- (on the Standard & Poor's and Fitch scale) or Baa3 (on Moody's) or better are considered "investment-grade." Bonds with lower ratings are considered "speculative" and often referred to as "high-yield" or "junk" bonds.

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What is considered a good bond rating?

For Standard & Poor's, AAA is the best rating, followed by AA, A, BBB, BB, B, CCC, CC, C, and D. The D rating is used for bonds already in default, which means the underlying company is unable to pay back the principal.

Which is considered a reliable bond?

U.S. Treasury securities ("Treasurys") are issued by the federal government and, because they're backed by the "full faith and credit" of the U.S. government, are considered to be among the safest investments you can make.

For pdfFiller’s FAQs

What is Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C?

Resolution No. 2011-24 is a formal legislative action that authorizes the issuance and sale of General Obligation Grant Anticipation Notes, Series 2011C, which are short-term debt instruments used to finance immediate cash flow needs related to specific projects pending grant reimbursements.

Who is required to file Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C?

Typically, municipal governments or public agencies that intend to issue the General Obligation Grant Anticipation Notes are required to file this resolution as part of their financial documentation.

How to fill out Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C?

To fill out the resolution, you need to include specific details such as the amount of the notes to be issued, the purpose of the borrowing, the terms of repayment, and any required signatures from the appropriate officials.

What is the purpose of Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C?

The purpose of the resolution is to provide temporary financing for projects that will eventually be funded through grants, ensuring that necessary funds are available to continue project operations before grant payments are received.

What information must be reported on Resolution No. 2011-24 to Issue and Sell General Obligation Grant Anticipation Notes, Series 2011C?

The information that must be reported includes the total amount of the notes being issued, the specific project or purpose for which the funds will be used, terms and conditions of the notes, and any relevant financial covenants.