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Committee approves form of preliminary statement for up to $800 million in San Francisco GO refunding bonds
Summary
The Budget and Finance Committee approved forwarding a resolution authorizing distribution of a preliminary official statement for City and County general obligation refunding bonds (not to exceed $800,000,000). Staff said market conditions and updated disclosures could produce net present value savings; an estimated $5.34 million NPV saving was cited by the analyst.
The Budget and Finance Committee moved to forward a resolution approving the form and authorizing distribution of a preliminary official statement for the possible issuance of City and County of San Francisco general obligation refunding bonds, not to exceed $800,000,000.
Nadia Sasseh of the Office of Public Finance summarized prior Board action and the updated disclosure materials staff included in the…
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