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 FINANCE THE ACQUISITION AND CONSTRUCTION OF IMPROVEMENTS TO THE CITY'S ELECTRIC TRANSMISSION AND DISTRIBUTION SYSTEM AND RELATED COSTS; 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”) desires to finance the acquisition and construction of improvements to the city's electric transmission and distribution system (the “Project”) 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, and Holland & Knight, LLP (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
APPROVED AS TO FORM AND CORRECTNESS.