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This document is a resolution by the City Council of Bondurant, Iowa, authorizing and approving a loan agreement for the issuance and securing the payment of $2,665,000 in Sewer Revenue Bonds, Series 2020C. The funds are intended to support the construction of improvements and extensions to the city\'s municipal sanitary sewer system. The resolution outlines the details of the bond issuance, including interest rates, repayment terms, and the establishment of various funds for the management...

How to fill out sewer revenue bonds resolution

How to fill out sewer revenue bonds resolution

1. Begin by identifying the purpose of the sewer revenue bonds resolution.
2. Gather necessary financial information, including projected revenue from sewer services.
3. Outline the terms and conditions of the bond issuance, specifying the amount to be raised.
4. Detail the use of proceeds from the bonds, such as construction, upgrades, or maintenance of sewer facilities.
5. Include provisions for repayment of the bonds from the revenue generated by sewer services.
6. Ensure compliance with local, state, and federal regulations regarding bond issues.
7. Draft the resolution language clearly and concisely, ensuring all key points are covered.
8. Review the resolution with legal counsel to ensure validity and enforceability.
9. Present the resolution to the governing body for approval.
10. Obtain signatures from authorized officials once approved.

Who needs sewer revenue bonds resolution?

1. Local government entities that manage sewer services.
2. Municipalities looking to fund infrastructure improvements.
3. Public utility authorities seeking to finance wastewater projects.
4. Investors interested in purchasing municipal bonds.

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What is sewer revenue bonds resolution?

A sewer revenue bonds resolution is a formal document that authorizes the issuance of bonds backed by the revenue generated from a public sewer system. It outlines the terms, conditions, and uses of the funds from the bond sales.

Who is required to file sewer revenue bonds resolution?

Local government entities or public utility authorities that seek to issue sewer revenue bonds are required to file the sewer revenue bonds resolution.

How to fill out sewer revenue bonds resolution?

To fill out a sewer revenue bonds resolution, one must provide detailed information on the borrowing entity, the bond terms, revenue projections, purposes of the funds, and compliance with relevant laws and regulations.

What is the purpose of sewer revenue bonds resolution?

The purpose of a sewer revenue bonds resolution is to secure funding for the construction, expansion, or repair of sewer infrastructure using future revenues generated from sewer services.

What information must be reported on sewer revenue bonds resolution?

The resolution must report information such as the amount of bonds to be issued, the interest rates, payment schedules, the expected revenue from sewer services, and the specific projects funded by the bonds.