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TO: <br />HONORABLE'. MAYOR AND CITY COUNCIL <br />APPROVAL: <br />MALIK D. FREEMAN, INTERIM CITY MANAGER <br />fROM: <br />ANNA A. VEGA, FINANCE DIRECTORC��— <br />SUBJECT: <br />UPDATE ON COMMUNITY FACILITIES DISTRICT REFUNDING <br />DATE: <br />OCTOBER 28,1996 <br />BACKGROUND <br />The Community Facilities [district (CFD) Commission reviewed and recommended to the City <br />Council that the CFD "bond issues be refunded for potential assessment savings. Fieldman, <br />Rolapp & Associates was contracted as the Financial Advisor and 5s responsible for compiling the <br />iinforrnation, iriancing team and making the recommendations:. <br />DISCUSSIONIANALYSIS <br />Attached is a memorandum from Tom DeMarS, F€eldrrlan, Rolapp R Associates regarding the <br />latest update. <br />RECOMMENDATIONS <br />No action required at this time City Council apprgval rot all documents is scheduled for, November <br />19,5 9966 City Council Meeting, <br />ITEM NO. 8 <br />