HomeMy WebLinkAbout4/20/2021 Item 02, Cross
Wilbanks, Megan
From:Brett Cross <
To:Johnson, Derek; E-mail Council Website
Subject:Item #2. AUTHORIZE THE ISSUANCE OF THE SAN LUIS RANCH CFD SPECIAL TAX
BONDS, IN AN AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $20,500,000
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City Manager and Council Members.
What are these funds going to be used for. The wording is pretty vague. Is this bond issuance for the Prado Rd.
overcrossing?. What is the current cost estimate of the Prado Rd. overcrossing?
"The proceeds of the will be used to finance the acquisition and construction of certain public facilities, fund a debt service
reserve fund, fund capitalized interest, and pay certain costs of issuance of the Bonds"
Sincerely,
Brett Cross
San Luis Obispo
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