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| DATE:
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7/16/2019 7:00:00 PM |
| SUBJECT: |
| Council Consideration of a Resolution Authorizing Dissolution of the Campbell County Recreation Project Joint Powers Board, Termination of the Joint Powers Agreement and any Other Security Documents Relating Thereto, and Directing the Transfer of the Leased Property Described Herein to Campbell County. |
| BACKGROUND: |
| The Joint Powers Board issued Lease Revenue Bonds in the amount of $47,400,000, on May 15, 2008. The principal and interest on the Bonds were fully paid on June 15, 2019. The City approves of the termination of the Joint Powers Agreement, dissolution of the Joint Powers Board and distribution of facilities, improvements or other property owned or leased by the Joint Powers Board to Campbell County. |
| SUGGESTED MOTION: |
| I Move for the Approval of a Resolution Authorizing Dissolution of the Campbell County Recreation Project Joint Powers Board, Termination of the Joint Powers Agreement and any Other Security Documents Relating Thereto, and Directing the Transfer of the Leased Property Described Herein to Campbell County. |
| STAFF REFERENCE: |
| Anthony Reyes, City Attorney |
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