City Council

5.1 APPROVAL OF THE CITY OF IRVINE REASSESSMENT DISTRICT NO. 25-1\nLIMITED OBLIGATION REFUNDING IMPROVEMENT BONDS\nACTION:\n1) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, ADOPTING THE REASSESSMENT REPORT FOR\nREASSESSMENT DISTRICT NO. 25-1, CONFIRMING AND ORDERING THE\nREASSESSMENT PURSUANT TO SUMMARY PROCEEDINGS THEREFOR\nAND DIRECTING ACTIONS WITH RESPECT THERETO\n2) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, DECLARING ITS INTENTION TO LEVY\nREASSESSMENTS AND TO ISSUE REFUNDING BONDS UPON THE\nSECURITY THEREOF IN REASSESSMENT DISTRICT NO. 25-1\n3) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, AUTHORIZING THE ISSUANCE OF NOT TO\nEXCEED $29,500,000 AGGREGATE PRINCIPAL AMOUNT OF CITY OF\nIRVINE LIMITED OBLIGATION REFUNDING IMPROVEMENT BONDS,\nREASSESSMENT DISTRICT NO. 25-1, APPROVING THE EXECUTION AND\nDELIVERY OF A FISCAL AGENT AGREEMENT, AN ESCROW AGREEMENT,\nA BOND PURCHASE AGREEMENT AND A CONTINUING DISCLOSURE\nAGREEMENT AND THE PREPARATION OF AN OFFICIAL STATEMENT AND\nOTHER MATTERS RELATED THERETO\n5.1