City Council

16. A RESOLUTION AUTHORIZING THE ISSUANCE OF CITY OF ONTARIO COMMUNITY\nFACILITIES DISTRICT NO. 64 (SUNSET RANCH) SPECIAL TAX BONDS, SERIES 2024 AND\nRELATED MATTERS\nThat the City Council take the following actions:\nA. Consider and adopt a Resolution authorizing the issuance of City of Ontario Community\nFacilities District No. 64 (Sunset Ranch) Special Tax Bonds, Series 2024, in an aggregate\nprincipal amount not-to-exceed $30 million, authorizing the execution and delivery of an\nIndenture, a Bond Purchase Agreement, and a Continuing Disclosure Agreement,\nauthorizing the distribution of an Official Statement, authorizing the execution of\nnecessary documents and certificates and related actions;\nB. Consider and adopt a Resolution of the City of Ontario making a declaration of official\nintent to reimburse facilities expenditures with bond proceeds and related actions;\nC. Authorize the issuance of special tax bonds for public improvements required to\nfacilitate the development of the Sunset Ranch project and the Ontario Ranch\ndevelopment;\nD. Approve the forms of the Indenture, the Bond Purchase Agreement, the Continuing\nDisclosure Agreement, and the Preliminary Official Statement;\nE. Authorize a negotiated sale of the special tax bonds to Samuel A. Ramirez & Co., in\naccordance with the terms of the Bond Purchase Agreement; and\nF. Authorize the execution of an Indenture, the Bond Purchase Agreement, the Continuing\nDisclosure Agreement, a deemed final certification in connection with the issuance of\nthe bonds by the City Manager or the other specified authorized officers.\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ONTARIO, CALIFORNIA, AUTHORIZING\nTHE ISSUANCE OF CITY OF ONTARIO COMMUNITY FACILITIES DISTRICT NO. 64 (SUNSET\nRANCH) SPECIAL TAX BONDS, SERIES 2024, IN AN AGGREGATE PRINCIPAL AMOUNT OF NOT TO\nEXCEED $30,000,000 AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, A\nBOND PURCHASE AGREEMENT AND A CONTINUING DISCLOSURE AGREEMENT, AUTHORIZING\nTHE DISTRIBUTION OF AN OFFICIAL STATEMENT IN CONNECTION THEREWITH AND\nAUTHORIZING THE EXECUTION OF NECESSARY DOCUMENTS AND CERTIFICATES AND RELATED\nACTIONS.\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ONTARIO, CALIFORNIA, MAKING A\nDECLARATION OF OFFICIAL INTENT TO REIMBURSE FACILITIES EXPENDITURES WITH BOND\nPROCEEDS AND RELATED ACTIONS.