Title
TAX EXEMPT FINANCING REIMBURSEMENT RESOLUTION FOR POTENTIAL NATURE CENTER FINANCING
MemoFrom
Memorandum from Mike Whitehead, Administrative Services Director and Fernando Estrada, Senior Accountant
Recommendation
Recommendation: That the City Council 1) Adopt Resolution No. 2612 authorizing the issuance of tax-exempt obligations, if needed, for the purpose of financing the new George F Canyon Nature Center Project, and 2) Direct staff to initiate the process to obtain a credit rating to support potential short-term financing for cash flow management.