The Sonoma County Financing Authority (the “Authority”) is a joint powers agency formed to assist the County with its financings. The County and the Authority cooperate to provide the County the funds needed to make disbursements to property owners for the cost of improvements on the owners’ properties. A full description of the SCEIP financing mechanism is described in the PACE Replication Guidance Package.
Description of Document
|Authority Resolution Authorizing Sale of Bonds||Resolution authorizing the Authority to issue and sell contractual assessment revenue bonds|
|County Resolution Authorizing Loan Agreements||Resolution authorizing the loan of bond proceeds from the Authority and approving loan agreements|
|County Resolution Authorizing Purchase of Bonds||Resolution authorizing the County Treasury Pooled Investment Fund to invest in and purchase the bonds and approving bond purchase agreements|
|Form of Loan Agreement||Agreement between Authority and County for loan of bond proceeds|
|Form of Bond Purchase Agreement||Agreement between Authority and County for purchase of bonds|
The information contained within these materials is offered only for general informational purposes. It does not constitute either general or specific legal advice and should not be substituted for legal, financial or other professional advice. These materials were created for an energy independence program individualized for the County of Sonoma and may not be suitable for all public agencies. These materials are not promised or guaranteed to be current, complete, or up-to-date. Different factual situations and evolving case law may require substantial modifications to these materials. As such, the authors make no representations or warranties with respect to the accuracy or completeness of the contents of these materials.