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Council authorizes $67,500 NHA Advisors amendment to pursue second Liberty Ranch bond issuance
Summary
The council approved a $67,500 contract amendment with NHA Advisors to commence steps toward a second bond issuance for Liberty Ranch Improvement Area No. 1. Council approved the item 3-1; Mayor Farmer voted no.
The Galt City Council on Tuesday authorized an amendment to the municipal advisory agreement with NHA Advisors for $67,500 to prepare a second bond issuance for Community Facilities District (CFD) 2020-2, Liberty Ranch Improvement Area No. 1.
NHA Advisors and the city described the proposed work as underwriting and advisory services to support a second series of bonds the Liberty Ranch developer has requested. Eric Skriven of NHA Advisors and city staff told the council the CFD was formed in 2020 and the improvement-area cap for bonds is a maximum previously authorized in the…
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