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Item 21 - Consider Pension Debt Refinancing and Policy
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Item 21 - Consider Pension Debt Refinancing and Policy
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4/10/2024 8:25:45 AM
Creation date
8/22/2023 8:46:55 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
21
Date
2/2/2021
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SANTA ANA <br />q�UFI <br />Refinancing Options for Santa Ana <br />1. Issue Bonds for SO% of Pension Liability <br />• $350 Million Bonds with Hybrid —Level Debt Service <br />• 25-Year Final Maturity <br />• Target Longest Safety Bases <br />2. Issue Bonds for 90% of Pension Liability <br />• $642 Million Bonds with Hybrid —Level Debt Service <br />• 25-Year Final Maturity <br />• Misc. Base #14 & #16 remain outstanding <br />
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