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Bond counsel outlines bond‑validation process and upcoming resolutions
Summary
Bond counsel briefed the Finance Committee on the multi‑month bond validation process and said staff will bring two resolutions — authorization to file validation pleadings and an initial bond resolution (preview of bond documents) — for committee recommendation to the full Authority before any final bond issuance.
Bond counsel updated the Finance Committee on the upcoming bond validation process that must precede any future CBTA bond issuance.
Megan Gilliland (bond counsel, presented by staff) described the two primary steps staff will ask the committee to recommend to the Authority: a short resolution authorizing bond counsel and general counsel to file…
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