Community Facilities District No. 2006-2 of the City of Chino 2025 Special Tax Refunding Bonds

Summary

The City Council of the City of Chino, acting as the legislative body of Community Facilities District No. 2006-2, authorizes the issuance of its 2025 Special Tax Refunding Bonds in a principal amount not to exceed $4,521,000 to refund the Prior Bonds. The resolution approves certain documents and takes other actions in connection with the issuance of the bonds. The legislative body determines that it is prudent to issue the bonds and that the negotiated sale to the Chino Public Financing Authority will result in a lower overall cost to the District.

Details

Subject

Community Facilities District No. 2006-2 of the City of Chino 2025 Special Tax Refunding Bonds

Summary

The City Council of the City of Chino, acting as the legislative body of Community Facilities District No. 2006-2, authorizes the issuance of its 2025 Special Tax Refunding Bonds in a principal amount not to exceed $4,521,000 to refund the Prior Bonds. The resolution approves certain documents and takes other actions in connection with the issuance of the bonds. The legislative body determines that it is prudent to issue the bonds and that the negotiated sale to the Chino Public Financing Authority will result in a lower overall cost to the District.

Vote Detail

Unanimous, with no votes recorded as AYES, NOES, or ABSENT

Vote Result

passed

Adopting Body

City Council of the City of Chino, acting as the legislative body of Community Facilities District No. 2006-2

Adoption Date

2025-07-15

Resolution Number

2025-053