City of Gainesville - File #: 170719.

• File #: 170719.
• Version: 2
• Type: Discussion Item
• Status: To Be Introduced
• File created: 1/5/2018
• In control: Utility Advisory Board
• On agenda: 2/8/2018
• Title: Alternative Options to Synthetically Fix the 2017 Series C Utility System Revenue Bonds (B)

Date	Ver.	Action By	Action	Result
2/8/2018	2	Utility Advisory Board
1/11/2018	1	Utility Advisory Board

Title

Alternative Options to Synthetically Fix the 2017 Series C Utility System Revenue Bonds (B)

Explanation

At the Utility Advisory Board meeting of January 11, 2018 staff presented information regarding several alternatives to synthetically fix the 2017 Series C Utility System Revenue Bonds:

•                     Interest rate collar

•                     Interest rate swap

•                     Interest rate cap

At the conclusion of the presentation the UAB requested that staff return with updated rates and costs for these alternatives.

Fiscal Note

The alternatives offered would fix the current variable rate debt associated with the 2017 Series C bonds.

Recommendation:

The Utility Advisory Board receive a presentation regarding updated rate and costs for alternatives to synthetically fix 2017 the Series C variable rate bonds.