RESOLUTION NO. _________
A RESOLUTION OF THE CITY OF LEESBURG, FLORIDA DESIGNATING THE FINANCE TEAM TO WORK WITH THE CITY IN CONNECTION WITH THE ISSUANCE OF DEBT TO ACQUIRE CERTAIN PROPERTIES AND IMPROVE SAID PROPERTIES TO PROVIDE AFFORDABLE HOUSING, AUTHORIZING THE CITY MANAGER TO EXECUTE THE ENGAGEMENT LETTERS; AUTHORIZING THE CITY MANAGER TO RETAIN OTHER PROFESSIONAL FIRMS AS NEEDED; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Leesburg, Florida (the “City”) has identified certain properties located within the City that it desires to acquire and improve to provide affordable housing (the “Projects”) that it wishes to finance with the proceeds of its revenue bonds, notes or other obligations to be issued in the future in one or more series (the “Tax Exempt Financing”); and
WHEREAS, the City has been working with D.A. Davidson & Co., and Akerman Senterfitt (collectively, the “Finance Team”) in connection with the proposed issuance of the Tax Exempt Financing; and
WHEREAS, the City Commission now desires, pursuant hereto, to formally designate the Finance Team.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, THAT:
THE CITY OF LEESBURG, FLORIDA