Posted: Saturday, June 8, 2013
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Resolution SA2013-002 the refunding of bonds issue. Will the bankruptcy of Stockton have a chilling effect on all municipal bond sales? IF the bankruptcy court allows Stockton's offer, the bond agencies that floated 165 million in bonds to cover Stockton's debt would be paid at 18 cents on the dollar. How do you think this would affect the municipal bond market? The City received about 6.6K for permit fees and it will cost 500K to get rid of HFA, that's going to take some time to pay off. This July 9th meeting regarding the Levy and collection of taxes for the 2013-2014 year. Is this just the lighting districts or are the previously proposed increases for water and sewer rates also be addressed at this meeting?