DeKalb County Government - File #: 2022-2366

• File #: 2022-2366
• Version: 1
• Type: Resolution
• Status: Action
• File created: 10/13/2022
• In control: Board of Commissioners
• On agenda: 1/10/2023
• Final action: 12/6/2022
• Title: Commission District(s): All Commission Districts Adoption of the Series 2022 Supplemental Bond Resolution which supplements and amends the Series 2022 Bond Resolution adopted on November 15, 2022 authorizing the issuance by the County of its Water and Sewerage Revenue Bonds (Second Resolution), Series 2022 in an aggregate principal amount not to exceed $610 million for the purpose of (1) refinancing the County's tax anticipation note in the principal amount of $70 million issued on February 17, 2022 and scheduled to mature on December 15, 2022, (2) refunding all of the County's outstanding Water and Sewerage Revenue Bonds, Series 2011 to achieve debt service savings, and (3) financing the cost of the acquisition, construction and equipping of certain improvements to the County's water and sewerage system.

Date	Ver.	Action By	Action	Result
12/6/2022	1	Special Called Meeting
12/6/2022	1	Special Called Meeting
12/6/2022	1	Special Called Meeting
11/15/2022	1	Board of Commissioners	approval with modified conditions to read as follows:	Pass
11/8/2022	1	Board of Commissioners	deferred substitute	Pass
11/7/2022	1	FAB-Finance, Audit & Budget Committee	recommended for deferral	Pass
10/25/2022	1	FAB-Finance, Audit & Budget Committee	recommended for deferral	Pass
10/25/2022	1	Board of Commissioners
10/18/2022	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 Districts
Adoption of the Series 2022 Supplemental Bond Resolution which supplements and amends the Series 2022 Bond Resolution adopted on November 15, 2022 authorizing the issuance by the County of its Water and Sewerage Revenue Bonds (Second Resolution), Series 2022 in an aggregate principal amount not to exceed $610 million for the purpose of (1) refinancing the County's tax anticipation note in the principal amount of $70 million issued on February 17, 2022 and scheduled to mature on December 15, 2022, (2) refunding all of the County's outstanding Water and Sewerage Revenue Bonds, Series 2011 to achieve debt service savings, and (3) financing the cost of the acquisition, construction and equipping of certain improvements to the County's water and sewerage system.

Body

Information Contact: Dianne McNabb, Chief Financial Officer and Robert Atkins, Treasurer
Phone Number: 404-371-2745 and 678-910-5638

PURPOSE:
To adopt a the Series 2022 Supplemental Bond Resolution which supplements and amends the Series 2022 Bond Resolution adopted on November 15, 2022 authorizing the issuance by the County of its Water and Sewerage Revenue Bonds (Second Resolution), Series 2022 in an aggregate principal amount not to exceed $610 million for the purpose of (1) refinancing the County's tax anticipation note in the principal amount of $70 million issued on February 17, 2022 and scheduled to mature on December 15, 2022, (2) refunding all of the County's outstanding Water and Sewerage Revenue Bonds, Series 2011 to achieve debt service savings, and (3) financing the cost of the acquisition, construction and equipping of certain improvements to the County's water and sewerage system.

NEED/IMPACT:
The attached Series 2022 Supplemental Bond Resolution supplements and amends the Series 2022 Bond Resolution adopted...