DeKalb County Government - File #: 2022-1030

• File #: 2022-1030
• Version: 1
• Type: Resolution
• Status: Action
• File created: 12/28/2021
• In control: Board of Commissioners
• On agenda: 2/8/2022
• Title: Commission District(s): All Commission District A resolution (1) authorizing the issuance and sale by the County of its Tax Anticipation Notes (Federally Taxable) due December 15, 2022 in the aggregate principal amount not to exceed $70,000,000 (TAN) for the purposes of paying capital expenditures to be incurred by the County's Watershed Department and (2) ratifying and approving the appointment of Piper Sandler & Co. to serve as placement agent to the County in connection with the TAN. The County plans to refinance the TAN with a portion of the proceeds of water and sewerage revenue bonds expected to be issued by the County prior to December 15, 2022.

Date	Ver.	Action By	Action	Result
2/8/2022	1	Board of Commissioners	approved substitute	Pass
1/27/2022	1	FAB-Finance, Audit & Budget Committee	recommended for approval.	Pass
1/25/2022	1	FAB-Finance, Audit & Budget Committee	recommended for deferral	Pass
1/25/2022	1	Board of Commissioners	deferred to the next meeting	Pass
1/11/2022	1	FAB-Finance, Audit & Budget Committee	No recommendation
1/11/2022	1	Board of Commissioners	deferred to the next meeting	Pass
1/4/2022	1	Committee of the Whole	Accepted to the BOC agenda and assigned

Substitute
Public Hearing: YES ? NO ? Department: Finance

SUBJECT:
Title
Commission District(s): All Commission District
A resolution (1) authorizing the issuance and sale by the County of its Tax Anticipation Notes (Federally Taxable) due December 15, 2022 in the aggregate principal amount not to exceed $70,000,000 (TAN) for the purposes of paying capital expenditures to be incurred by the County's Watershed Department and (2) ratifying and approving the appointment of Piper Sandler & Co. to serve as placement agent to the County in connection with the TAN. The County plans to refinance the TAN with a portion of the proceeds of water and sewerage revenue bonds expected to be issued by the County prior to December 15, 2022.
Body
Body
Information Contact: Zachary Williams/Chief Operating Officer and Executive Assistant
Phone Number: 404-371-2174

PURPOSE:

To consider adopting a resolution (1) authorizing the issuance and sale by the County of its Tax Anticipation Notes (Federally Taxable) due December 15, 2022 in the aggregate principal amount not to exceed $70,000,000 for the purposes of paying capital expenditures to be incurred by the County's Watershed Department and (2) ratifying and approving the appointment of Piper Sandler & Co. to serve as placement agent to the County in connection with the TAN. The County plans to refinance the TAN with a portion of the proceeds of water and sewerage revenue bonds expected to be issued by the County prior to December 15, 2022.

NEED/IMPACT:

The attached resolution (1) authorizes the County to issue its Tax Anticipation Notes (Federally Taxable) due December 15, 2022 in the aggregate principal amount not to exceed $70,000,000 for the purposes paying capital expenditures to be incurred by the County's Watershed Department and (2) ratifies and approves the appointment of Piper Sandler & Co. to serve as placement agent to the County in connection with the TAN. ...