RESOLUTION 26-02 APPROVING SALE OF 2026 SERIES BOND AND DISTRIBUTION THEREOF

Staff Report & Agenda Item Details

RESOLUTION 26-02 APPROVING SALE OF 2026 SERIES BOND AND DISTRIBUTION THEREOF Kate Leverett - Thank you all for doing this special meeting. You all have to approve these documents and basically what they are is Notice of Sale and Improvise the potential buyers of your bonds information on what the bonds are going to be used for, it does history of the district, your largest customers, water and sewer rates, so that they have an idea of the District so that when they go to bid on purchasing them they are a knowledgeable investor because these bonds will be sold in the market on April 29 at 10:00 a.m. and that is why our meeting will be held at 1:00 p.m. due to the volatility of the market, investors will not hold their bid for any more than 24 hours and that is why we have to do it all in one day. This agenda item approves the preliminary official statement and the notice of sale for the investors and it is also stating that you are going to publish this notice of sale in the newspaper and investment magazines so that investors know that you are selling these bonds. Vice-President Nicely — Am I reading this right, Trinity Bay has an A rating? Kate Leverett - Yes, and that is very good. You should get some good bids on these bonds. General Manager Shadden ~ A rating and stable. Kate Leverett — Yes, A rating and stable, so that is very very good. Vice President Nicely - Okay. Kate Leverett —- You just need a motion and a second on this agenda item. Secretary Hankamer made

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